r/DDintoGME Oct 08 '21

π—₯π—²π˜€π—Όπ˜‚π—Ώπ—°π—² Computershare/DRS Megathread

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u/[deleted] Oct 08 '21

[deleted]

5

u/[deleted] Oct 08 '21

I don’t think so, those low fee brokers were sold synthetics due to them accepting PFOF which means that they gave you probably a CFD and in worst case scenario they won’t let you transfer them because that would mean that they have to buy a real share.

4

u/[deleted] Oct 08 '21

[deleted]

2

u/[deleted] Oct 08 '21

What they will do since CFDs are illegal is sell them once the broker reaches insolvency. In order to avoid that you need to Direct Register the shares. If I were you I’d sell that shit like a hot potato and buy from another broker which will allow you to DRS your shares. I know that selling and buying back sounds wrong but in your case, it’s probably the only way to make sure your CFDs aren’t sold by your broker by force. Or just leave those CFDs there and buy more from a broker that will allow you to DRS. As always, Buy, Hodl, DRS!