This week on Taking Stock, Chives and Bibic follow up from last week’s SEC bulletin breakdown with a handy diagram that visualises the 3 different forms of digital shareholdings, and the various forms of ownership associated with them.
It’s important to learn what distinguishes each form of holdings as well as each form of ownership from each other. For example, being a beneficial owner, and a registered owner isn’t mutually exclusive. You can actually be both at the same time. Listen along or check out the links of ownership page linked below for more information.
#Taking Stock #11
Twitter Link:
https://twitter.com/i/spaces/1vOxwjnyOoMJB
mp3 Link:
https://static.wixstatic.com/mp3/06e09f_281e296345664c0e8817c5cdf0d042d0.mp3
#Important Reminders
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Listen to Taking Stock on demand (https://linktr.ee/takingstockpodcast)
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Join DRSGME Discord (https://discord.gg/EGvmpdGDm)
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Join Lemmy (https://lemmy.whynotdrs.org/)
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Visit https://www.drsgme.org and https://www.whydrs.org
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Terminate DirectStock (https://www.drsgme.org/terminating-from-directstock)
#Links and Resources
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The Links of Ownership https://www.drsgme.org/the-links-of-ownership
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Computershared.net is back! https://www.computershared.net/ https://imgur.com/0ZM7C74
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SEC Bulletin Get the Facts! (https://www.sec.gov/about/reports-publications/investor-publications/holding-your-securities-get-the-facts)
“Purchases made through the issuer (or its transfer agent) of securities you intend to hold in DRS are usually executed under the guidelines of an issuer’s stock purchase plan, which uses a broker-dealer to execute the orders. Thus, to hold in DRS once the securities are acquired, you would need to instruct the transfer agent to move the securities from the issuer plan to DRS.”
- FINRA Bulletin Know the Facts! (https://www.finra.org/investors/insights/know-the-facts-direct-registered-shares)
“Purchases made through the issuer (or its transfer agent) of securities you intend to hold in direct registration are usually executed under the guidelines of the issuer’s stock purchase plan. You’ll need to instruct the transfer agent to move the securities to the DRS.”
- Computershare FAQ on Plan / DRS holdings (https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#dspp)
“An investor can, at any time, withdraw all or part of their shares in DSPP book-entry form and have them added to their DRS holding (for example after a DSPP purchase settles) without a fee”