Create 2021-09-23-International-Apes-Computershare-US-DRS-Transfer-Guide-to-the-Galaxy.md

03-Computershare-and-Direct-Registration/2021-09-12-Transferring-Share-to-ComputerShare-Step-by-Step-Guide.md

@@ -0,0 +1,456 @@
+Transferring shares to ComputerShare - A step-by-step guide for most brokers (Fidelity, TDA, Webull, Wealthsimple, IBKR, etc)
+=============================================================================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/da_squirrel_monkey](https://www.reddit.com/user/da_squirrel_monkey/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/) | 
+
+---
+
+[How to DRS with ComputerShare 🚽](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22How%20to%20DRS%20with%20ComputerShare%20%F0%9F%9A%BD%22&restrict_sr=1)
+
+This guide is constantly evolving with the most up-to-date information. Bear with me as I do my DD on what I receive. Last Update 23 Sept 9am (NYC Time)
+
+🙏 🙏 : guys, I'm absolutely overwhelmed and honoured by the traction this post got. I seriously wasn't expecting this and I'm so glad apes are finding it useful. I'm doing my best to keep it up-to-date and read all your comments/suggestion to improve it day after day. I also want to thank everyone for the awards. At this point, please keep these for the other wrinkled apes! 🙏 🙏
+
+TLDR: An updated guide to TRANSFER a portion/all of your GME shares to Computershare (referenced as CS in this post) I've run out of space so I'm breaking this down into several posts. This guide covers most US brokers as well as Wealthsimple and IBKR). [See link here for other international brokers](https://www.reddit.com/r/Superstonk/comments/ppw723/transferring_shares_to_computershare_part_2_a/)
+
+-   Fidelity 🇺🇲
+
+-   TD Ameritrade 🇺🇲
+
+-   Ally Invest 🇺🇲
+
+-   Firstrade 🇺🇲
+
+-   M1 Finance 🇺🇲
+
+-   Merril Edge 🇺🇲
+
+-   Public 🇺🇲
+
+-   Schwab 🇺🇲
+
+-   Webull 🇺🇲
+
+-   WealthSimple 🇨🇦
+
+-   Interactive Brokers/IBKR 🌎 = INTERNATIONAL
+
+Part 2 is covering the following brokers: [Commsec, DNB, Disnat, Danske Bank, Hatch, Lynx.nl, Nordnet, Questrade, RBC, Revolut, Saxo, Scotia iTrade, Stake, SwissQuote, TD Canada Trust, Tiger Broker, Tradestation, XTB](https://www.reddit.com/r/Superstonk/comments/ppw723/transferring_shares_to_computershare_part_2_a/)
+
+Part 3 is covering the following brokers: [Chase/JP Morgan, E*Trade, Rabobank, SoFI, Tastyworks, TradeZero, Vanguard](https://www.reddit.com/r/Superstonk/comments/pt6ya6/transferring_shares_to_computershare_part_3_a/)
+
+This sexy ape called [u/Bibic-Jr](https://www.reddit.com/u/Bibic-Jr/) is also keeping a good log of all brokers. It's worth checking if you can't find your broker in Part 1, Part 2 or Part 3
+
+NOTE: For apes holding accounts with tax benefits (401K, RRSP, TFSAs), you should check that transferring is in your best fiscal advantage. For example, any Canadian apes wanting to transfer from a TFSA or RRSP account is more likely to have the shares sold by broker to settle fiscal implications before sending to CS. Because you have to deal with CS USA, you won't be able to have these shares sitting on a CS TFSA or RRSP equivalent.
+
+NOTE: While some brokers won't allow DRS transfer, they should allow an outbound broker-to-broker transfer. If that's the case, you could transfer from your current broker to a new broker allowing DRS transfer then CS. It takes time but can be done.
+
+IMPORTANT: One ape rightfully pointed out that you should check with your broker before transferring to another broker as some would essentially sell/liquidate your positions (which you definitely wouldn't want)
+
+-----------------
+
+Some DD to understand more about DRS and Computershare
+
+-   [u/Criand](https://www.reddit.com/u/Criand/): [Direct Registering Shares (DRS) is the MOASS key handed on a golden platter. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. ComputerShare is not some shady company. They are the designated transfer agent for 37.4% of the market.](https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/)
+
+-   [u/Criand](https://www.reddit.com/u/Criand/): [Thought I'd make some bad charts for you visual apes to show what happens when shares are direct registered. Hope this clears things up!](https://www.reddit.com/r/Superstonk/comments/ptp3a4/thought_id_make_some_bad_charts_for_you_visual/)
+
+-   [u/Criand](https://www.reddit.com/u/Criand/): [ComputerShare and DRS is the way. It ignites the squeeze because it's equivalent to an investor-driven share recall. You aren't transferring shares, you are transferring CERTIFICATE ownership away from the DTC and into retail's hands. Shares can be replicated infinitely. Certificates can NOT.](https://www.reddit.com/r/Superstonk/comments/prpum9/computershare_and_drs_is_the_way_it_ignites_the/)
+
+-   [u/zenquest](https://www.reddit.com/u/zenquest/) : [Why direct ownership of GME at Computershare is the most likely trigger and what's stopping](https://www.reddit.com/r/Superstonk/comments/prsk9n/why_direct_ownership_of_gme_at_computershare_is/)
+
+*FAQs*
+
+A few questions have been raised so I'll try tanswering them here:
+
+-   Question about IRA, ROTH, and tax implication: Unfortunately, I can't help with this.
+
+-   Question about TFSA and RRSP (Canada): Unfortunately, I can't help with this. I would look at some posts from [u/Guildish](https://www.reddit.com/u/Guildish/) on that topic
+
+-   *"How long does it take?"* - There is 2 parts to this process, the process with your broker (ie: how long it takes for them to initiate the DRS transfer) and the process with CS (ie: create your account, etc). The timing outlined below is an indication of how long it takes your broker for the DRS transfer. You will need to add up to 14 days on the CS side (they send your login via snail mail).
+
+-   "*Do I need to transfer all to CS now?*" - Simple answer is no (unless it fits your investment strategy). You should have done your DD about your broker and understand how reliable they are on a scale from Robinhood to Fidelity. CS and DRS transfer is suited for some apes wanting to build an ♾️🏊. If I use my personal experience, I have transferred 20% of my GME shares to CS because I'm not planning on selling short or mid-term. That's my decision and it suits my investment strategy.
+
+-   *"So why transfer to CS if I can simply not sell some of my shares to create one of these fancy pool for myself?"* - Really valid question and it's a personal choice again. For me, I want these shares in MY name, not street name.
+
+-   "*What happens if MOASS starts while the shares are being transferred?*" - Once again, you have to be clear about your investment strategy. If you are not planning on selling these, why do you care if they are in transit? From my POV, it's a plus. I won't be tempted to touch them.
+
+-   *"Computershare has a shitty ceiling on max sell?"* - That's true. $1m/transaction so definitely lower than my floor. Anything above this will require written notice. As per above, see post [here](https://www.reddit.com/r/Superstonk/comments/pphitt/computershare_sell_limits_per_customer_support/)
+
+-   *"Their interface is shit. They are boomers organisation"* *-* Yep, they are. Their UI and their process is old school but keep in mind their target market is large corporations (B2B), not direct consumers. Also, THEY ARE NOT A BROKER, THEY ARE A TRANSFER AGENT/REGISTRAR
+
+-   *"What happens to my shares once they are 'transferred' to CS?"* - Well, it's a bit weird. As stated above, they are not a broker yet the shares will show on your Computershare account, not your existing broker account.
+
+-   *"Will I see these shares on my broker account?"* - See above. No. Shares are being sent to CS.
+
+-   *"What happens once the transfer has gone through with my broker?"* - You wait. I've heard about 14 days. Could be a bit longer with more apes requesting DRS transfers at the moment.
+
+-----------------
+
+Intro
+
+This updated guide is aimed at providing information on TRANSFERRING some/all shares to Computershare (CS). This is NOT providing info on directly opening an account with them. If you are in the US, you can follow [this kick-ass guide](https://www.reddit.com/r/Superstonk/comments/ppw723/transferring_shares_to_computershare_part_2_a/) from [u/BananyaBangarang](https://www.reddit.com/u/BananyaBangarang/)
+
+Keep in mind this is not financial advice.
+
+You'll see in the guide a 'process complexity' from 🔷 (SUPER EASY) to 🔷🔷🔷🔷🔷 (SOMEWHAT HARD).
+
+> One last thing, be patient and kind with the customer service reps. The same way we are learning, they are also getting up to speed with a niche topic. If you get a good experience with one of them, take another 5 min after you are done to write a referral or compliment, it goes a long way.
+
+-----------------
+
+Things you need to know and/or might need
+
+First, it sounds fucking dumb to say but be confident about what you are requesting and be ready with more information than you probably need (see below). For example, you might get push-back on the DRS transfer mentioning you need a CS account. This is incorrect. This is NOT a broker-to-broker transfer, this is a transfer to an official registrar, a transfer agent to get shares in your name.
+
+See below some useful details:
+
+GameStop Details:
+
+-   Ticker: GME
+
+-   CUSIP: 36467W109
+
+Computershare details:
+
+-   Address:
+
+> Computershare Trust Company, N.A.
+>
+> P.O. Box 505005
+>
+> Louisville, KY 40233-5005
+
+-   CS DTC #: 7807
+
+[![r/Superstonk - Transferring shares to ComputerShare - A step-by-step guide for most brokers (Fidelity, TDA, Webull, Wealthsimple, IBKR, etc)](https://preview.redd.it/chcg63voh2n71.jpg?width=800&format=pjpg&auto=webp&s=af5a892c3bbc299eea097ae23d43635d8be510ba)](https://preview.redd.it/chcg63voh2n71.jpg?width=800&format=pjpg&auto=webp&s=af5a892c3bbc299eea097ae23d43635d8be510ba)
+
+Tax Lot ID and what shares you want to transfer
+
+This is something you have to think about. Once again, I can't help on that topic or advise as everyone has a different reason for a different Tax Method for share transfer. Some of the common ones are:
+
+- Last In, First out: as it says, the last shares/lots you bought would go out first
+
+- First In, Last out: the first shares/lots you bought would go out last
+
+Check this [post to learn more](https://finance.zacks.com/determine-shares-sell-fifo-lifo-9766.html)
+
+-----------------
+
+Transfer from Fidelity 🇺🇲
+
+> # NOTE: You don't need to open a CS account, Fidelity will take care of it.
+>
+> # FEES: NONE
+>
+> # PROCESS COMPLEXITY : 🔷
+>
+> # TIMING: ~3-5 days
+>
+> # METHOD: Phone
+
+I used to have a process via form/email but phone seems to be super easy.
+
+Step 1. Call the following number ~~1-800-756-0128~~ 1-800-343-3548 and say it's for 'stock certificates'
+
+Step 2. You might need to provide the following details:
+
+-   Your account # with Fidelity
+
+-   Your DOB, SSN and current address
+
+-   How many shares you'll want to transfer and the method.
+
+Step 3. Done
+
+UPDATED 19/09 5:15pm GMT+10
+
+-----------------
+
+Transfer from TD Ameritrade 🇺🇲
+
+> # NOTE: You don't need to open a CS account, TDA will take care of it.
+>
+> # NOTE: Review the Tax Method for transfer on Client Services >> My Profile >> General >> FIFO/LIFO *(see above for more on that topic)*
+>
+> # FEES: NONE
+>
+> # PROCESS COMPLEXITY : 🔷
+>
+> # TIMING: ~2-3 weeks
+>
+> # METHOD: Phone or Chat
+
+I used to have a process via form/email but phone seems to be super easy.
+
+Step 1. Chat Method - Start a 'Ask TED' chat and ask for an Outbound DRS Transfer or call 1-800-652-4584 and request to talk to someone for an Outbound DRS Transfer. When you go through 'Ask TED', the agent will fill the form for you
+
+Step 2. You will most likely need to provide
+
+-   Your details (your TDA account #)
+
+-   ComputerShare's details (see above)
+
+-   Security Symbol (ie: GME)
+
+-   Share Quantity and lot acquisition method
+
+-   SSN
+
+Step 3. Done
+
+UPDATED 23/9, 8:45am (NYC Time / Confirmation that live chat works) [u/NomNomNommy](https://www.reddit.com/u/NomNomNommy/) (22/9****)
+
+-----------------
+
+Transfer from Ally Invest 🇺🇲
+
+> # NOTE: You don't need to open a CS account, Ally Invest will take care of it.
+>
+> # IMPORTANT: You need sufficient funds on your account when starting this process.
+>
+> # FEES: $115 (if rejected, it will be $125 rejection fee)
+>
+> # PROCESS COMPLEXITY : 🔷🔷
+>
+> # TIMING: ~30 days
+>
+> # METHOD: Letter of Instruction/Email
+
+Step 1. You'll need to fill a letter of instruction. [You can find a template here](https://imgur.com/8lzCy8O) . Download, print, fill, scan and return.
+
+Note: You'll need
+
+-   Your details
+
+-   ComputerShare's details (see above)
+
+-   Security Symbol (ie: GME)
+
+-   Share Quantity
+
+-   SSN
+
+-   Statement accepting the $115 fee associated with this transaction.
+
+-   Sign and date
+
+Step 2. You can follow up with the chat function a few days later.
+
+UPDATED 23/09 9am / Credit to [u/Bonesaparte](https://www.reddit.com/u/Bonesaparte/) / Timing update (source: [u/SCRAAH](https://www.reddit.com/u/SCRAAH/) on 23/9)
+
+-----------------
+
+Transfer from Firstrade 🇺🇲
+
+> # NOTE: You don't need to open a CS account, Firstrade should take care of it
+>
+> # IMPORTANT: You need sufficient funds on your account when starting this process.
+>
+> # FEES: $US150 from APEX and a transfer agent fee from $0-150 per request
+>
+> # PROCESS COMPLEXITY: Unknown
+>
+> # TIMING: ~5 days
+>
+> # METHOD: Unknown
+
+I don't have a process confirmed yet. Please reach out if you have done it with Firstrade
+
+UPDATED 19/09 10:40pm GMT+10
+
+-----------------
+
+Transfer from Merril Edge 🇺🇲
+
+> # NOTE: You don't need to open a CS account, Merril Edge should take care of it
+>
+> # FEES: Unknown
+>
+> # PROCESS COMPLEXITY: 🔷
+>
+> # TIMING: Form says 15 days
+>
+> # METHOD: Online form
+
+Step 1. Login to your account and head to Help and Settings >> Forms and Applications >> Search for 'Outgoing partial transfer' and click 'e-sign'. [You can also find the form online here](https://olui2.fs.ml.com/publish/content/application/pdf/GWMOL/Partial_Asset_Transfer_Authorization_Letter.pdf) but you'll then have to download, print, fill, scan and return.
+
+Step 2. Follow the steps and submit. FYI, you'll need to provide:
+
+-   Your Merril account # (8 digits)
+
+-   The lot you want to transfer along with the ticker GME and the CUSIP 36467W109
+
+-   Computershare's details (DTC # and Address as per above)
+
+UPDATED 19/09 10:40pm GMT+10 / Credit to [u/st2008hh](https://www.reddit.com/u/st2008hh/) and [u/Bibic-Jr](https://www.reddit.com/u/Bibic-Jr/)
+
+-----------------
+
+Transfer from M1 Finance 🇺🇲
+
+> # NOTE: You don't need to open a CS account, M1F should take care of it
+>
+> # IMPORTANT: You need sufficient funds on your account when starting this process.
+>
+> # FEES: $215
+>
+> # PROCESS COMPLEXITY: 🔷
+>
+> # TIMING: ~7-10 days
+>
+> # METHOD: Chat
+
+Step 1. Seems super simple. Just initiate a chat.
+
+Get ready to provide details such as:
+
+-   Your account number, your name, your phone number, your email.
+
+-   The stock you want to transfer along with CUSIP and quantity.
+
+-   Receiving firm's details (CS): Name, Address, DTC #, and who you want the shares to be registered to. As such, provide details on the beneficiary (name, SSN or Tax #), Address, Phone, Email)
+
+Alternate way: you can send an email asking for an Outbound DRS Transfer to CS. I've made [a blank template you can use here](https://imgur.com/8lzCy8O) that can be attached.
+
+UPDATED 19/09 10:55pm GMT+10
+
+-----------------
+
+Transfer from Public 🇺🇲
+
+> # NOTE: You don't need to open a CS account, Public will take care of it
+>
+> # IMPORTANT: You need sufficient funds on your account when starting this process.
+>
+> # FEES: $100 (There will also be a $115 rejection fee if transfer is rejected by CS)
+>
+> # PROCESS COMPLEXITY: 🔷🔷
+>
+> # TIMING: Unknown
+>
+> # METHOD: Letter of Instruction/Email
+
+Step 1. You'll need to fill a letter of instruction. [You can find a template here](https://imgur.com/8lzCy8O) . Download, print, fill, scan and return.
+
+Note: You'll need
+
+-   Your details
+
+-   ComputerShare's details (see above)
+
+-   Security Symbol (ie: GME)
+
+-   Share Quantity
+
+-   SSN
+
+-   Statement accepting the $100 fee associated with this transaction.
+
+-   Sign and date
+
+UPDATED 19/09 11:05pm GMT+10
+
+-----------------
+
+Transfer from Schwab 🇺🇲
+
+> # NOTE: You don't need to open a CS account, Schwab will take care of it
+>
+> # FEES: NONE
+>
+> # PROCESS COMPLEXITY: 🔷🔷
+>
+> # TIMING: 3-5 days
+>
+> # METHOD: Phone or Live Chat
+
+Step 1. Call them on 1-800-323-4332 and ask to talk to the Security Team. You can also use the Chat function
+
+Step 2. Once you talk to someone (can take a while), be knowledgeable and ask for an Outbound DRS Transfer for some of your Gamestop shares to the official registrar (Computershare). At that point, they should be able to pull the right form and help you out.
+
+You'll need to provide:
+
+-   Name and Address
+
+-   You Schwab Account
+
+-   Your SIN or Tax Number
+
+-   The ticker (GME), CUSIP (36467W109)
+
+-   Your CS account #. If you don't have a CS account, that's ok, they should be able to proceed.
+
+-   The number of shares to transfer and the preferred cost basis calculation method for determining "which" shares would be transferred. (Check the preface FAQs for more on this)
+
+Step 3. Rep will submit. Apparently, it's super easy!
+
+UPDATED 19/09 11:15pm GMT+10
+
+-----------------
+
+Transfer from WeBull 🇺🇲
+
+> # NOTE: You don't need to open a CS account, WB will take care of it
+>
+> # IMPORTANT: You need sufficient funds on your account when starting this process.
+>
+> # IMPORTANT 2: Double/Triple check your shares are not lent. If you think they aren't, just check again
+>
+> # FEES: $115
+>
+> # PROCESS COMPLEXITY: 🔷🔷
+>
+> # TIMING: ~7-10 days
+>
+> # METHOD: Letter of Instruction/Email
+
+Step 1. They don't have a form but based on what other brokers are asking, you want to anticipate and provide all the details. Send an email with the following details asking for an outbound - DRS Transfer. I've made [a blank template you can use here](https://imgur.com/8lzCy8O) you can use as an attachment
+
+-   Your account number, your name, your phone number, your email.
+
+-   The stock you want to transfer along with CUSIP and quantity.
+
+-   Receiving firm's details (CS): Name, Address, DTC #, and who you want the shares to be registered to. As such, provide details on the beneficiary (name, SSN or Tax #), Address, Phone, Email)
+
+Step 2. Send them an email along with the attachment. They should have a secured message center. Make sure you follow up with them.
+
+UPDATED 19/09 11:30pm GMT+10
+
+-----------------
+
+Transfer from WealthSimple 🇨🇦
+
+> # NOTE: You don't need to open a CS account, WS will take care of it
+>
+> # IMPORTANT: You need sufficient funds on your account when starting this process.
+>
+> # IMPORTANT 2: If you are on a TFSA or RRSP account, DRS might not be the right thing to do as it has fiscal implication. Essentially, they will need to liquidate your positions for the transfer.
+>
+> # FEES: $300
+>
+> # PROCESS COMPLEXITY: 🔷🔷
+>
+> # TIMING: ~3-4 weeks
+>
+> # METHOD: Chat
+
+Step 1. Seems super simple. Just initiate a chat
+
+You'll need to provide the following:
+
+-   Your account number, your name, your phone number, your email.
+
+-   The stock you want to transfer along with CUSIP and quantity.
+
+-   Receiving firm's details (CS): Name, Address, DTC #, and who you want the shares to be registered to. As such, provide details on the beneficiary (name, SSN or Tax #), Address, Phone, Email)
+
+Alternate: you can also send an email. I've made [a blank template you can use here](https://imgur.com/8lzCy8O)
+
+-----------------
+
+Transfer from Interactive Brokers IBKR
+
+[Check this post here](https://www.reddit.com/r/Superstonk/comments/pmu19h/international_apes_can_transfer_shares_to/) / also check that in-detail process here [https://www.reddit.com/r/Superstonk/comments/ptqxys/european_broker_to_computershare_step_by_step/](https://www.reddit.com/r/Superstonk/comments/ptqxys/european_broker_to_computershare_step_by_step/?utm_source=share&utm_medium=web2x&context=3)

03-Computershare-and-Direct-Registration/2021-09-14-Basics-about-Computershare.md

@@ -0,0 +1,46 @@
+Basics about Computershare
+==========================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/Bag_of_HODLing](https://www.reddit.com/user/Bag_of_HODLing/) | [Reddit](https://www.reddit.com/r/GME/comments/pnwnlq/basics_about_computershare/) | 
+
+---
+
+[🐵 Discussion 💬](https://www.reddit.com/r/GME/search?q=flair_name%3A%22%F0%9F%90%B5%20Discussion%20%F0%9F%92%AC%22&restrict_sr=1)
+
+There was a post about this where people were asking good basic questions about what the point of Computershare is, but it got deleted, so I'm gonna post my answer here for anyone who is trying to get some clarification-
+
+Just to be clear: Computershare is not a broker. It's not another alternative to Fidelity or WeBull, it's a totally different kind of company. GME hired them to handle direct registry of their shares. When you buy shares via a broker like Fidelity you technically are not a direct shareholder. You are a "beneficial shareholder" under the "street name" of your broker, "Fidelity." so electronically, Fidelity owns the shares, they just give you legal benefits as if you owned them. The reason brokers exist is for convenience. Without them, back in the day, you would have had to go down to the stock exchange in person and stand in a crowd with papers in hand yelling at brokers to put in trades for you. The broker has the infrastructure and connections to do trades CONVENIENTLY (QUICKLY) for investors who want the freedom and efficiency to trade often/fast. Without them, trading takes forever and you wouldn't be able to capitalize on sudden drops of news like when headlines hit the internet and a stock suddenly shoots up or tanks.
+
+The other important thing about a broker is that they don't even hold the physical shares you bought through them. "Cede & Co." does. Google them, they are the shady organization at the heart of the DTCC that technically actually owns like 98% of all stocks in existence. Brokers just get beneficial rights (and investors like you and me get to borrow those rights when we buy via the broker) to the shares, but the fact that DTCC technically actually holds the physical shares in its vault somewhere is the key to their power and governance over the market. Which brings us to Computershare.
+
+The reason companies like Computershare exist is so a company like Gamestop can hire them to handle registry and bookkeeping for their physical shares DIRECTLY. So when you sign up with Computershare and buy shares of GME via them, you are getting certificates of shares signed in a ledger IN YOUR NAME, not a broker's, and not the DTCC. It is the only way you can be a direct shareholder! And when you transfer shares of GME you bought via a broker, into Computershare, and then set them as "BOOK" holdings, the actual shares of GME in the DTCC's depository get signed in YOUR name, transferred away from the DTCC's fat grubby fingers, and they fucking HATE this. You become the actual shareholder, the transfer forces any open shorts (including naked ones) to need to be officially closed (so short sellers must purchase shares off the market to close their short position, and if the short was naked then it becomes an FTD that must eventually be delivered properly to close the short) and so because of this transaction you as a shareholder can directly contribute to resolving the naked shorting problem and instigate the MOASS!
+
+That's why so many people are suddenly up in arms about transferring a portion of their GME shares to Computershare. It cancels out the fuckery of naked shorting directly without needing to rely on DTCC, GME, SEC, or anybody else to fix this shit. It will absolutely force MOASS if one by one these shares get transferred out of DTCC's hands. Based on the HIGH likelihood that there are HUNDREDS OF MILLIONS of naked shorts that should not exist, phantom shares, if each GME shareholder transfers just some small portion of their GME shares to Computershare, like 10-20%, that itself will very likely force MOASS. The tradeoff is that Computershare relies on a broker to do buying and selling of shares itself, so don't transfer shares you hope to sell quickly (like during MOASS). This is meant for long-term holding, or for the "infinity pool" that will force shorts to close and raise the price ultimately into insane astronomical numbers due to reducing the supply of shares for short sellers to close their shorts from. Technically, if the number of shares transferred into/bought through Computershare eventually reaches the total number of GME's TRUE float (I think 76.2 million now), then MOASS will be immediately forced when people next try to get shares. No real share certificates will be left to assign, so brokers/marketmakers will be forced to buy off the market and close the naked short positions.
+
+Edit: For those who ask how we know Computershare is THE official, true registrar of GME shares- Read [this](https://www.investopedia.com/terms/r/registered-holder.asp) article.
+
+For GME shares in this case, Computershare IS the only way to *definitely* get ahold of bonafide, true, real, originally-issued-by-Gamestop, not-phantom shares! Companies each choose registrars for direct buying and direct registry of their shares. Computershare is just one company, the one that GME chose for its own shares. Gamestop HIRED them to be its registrar for their shares. This is the ONLY direct link between investors and Gamestop. Any other method of getting shares is a roundabout way via DTCC and brokers.
+
+Read GME's prospectuses, filing about their voting processes. [Here](https://news.gamestop.com/node/18846/html) they say "We have engaged Computershare, our transfer agent, as our inspector of elections to receive and tabulate votes. Computershare will separately tabulate "for" and "against" votes, abstentions and broker non-votes. Computershare will also certify the results and determine the existence of a quorum and the validity of proxies and ballots."
+
+In other filings they explain in the last pages that anyone that wishes to be a direct shareholder with GME would do so by contacting COMPUTERSHARE. They include their address, contact info, they are legally designating Computershare as their chosen company to operate as their transfer and registry agent for their share certificates. DTCC and brokers are just a go-between, and they offer convenience and speed for investors to be able to trade quickly. 98% of investors just don't care about being direct shareholders, they want to be able to trade fast, at a second's notice if they want, so that's why brokers exist.
+
+Edit 2: Dr. Susanne Trimbath responded to someone about what happened with the fiasco in CMKM and CMKX [here](https://twitter.com/SusanneTrimbath/status/1425584492509483010).
+
+A little summary of her explanation in her book is [here](https://spiramus.com/naked-short-and-greedy). Look at the summary for chapter 18.
+
+If enough shareholders register their shares directly with Computershare (by a combination of buying through them and transferring shares into them from brokers) then eventually all the share certificates for GME's ACTUAL ISSUED SHARES would be used up (registered already to people) and this would cause a shitstorm and the MOASS because then brokers and marketmakers will not be able to give shares out to anyone else buying after that point. But my guess is that before all certificates are registered and taken away from DTCC, the MOASS would begin, because all the insiders in the market would see the writing on the wall and start closing their positions before their situation gets even more desperate and impossible to escape from. BOOM. MOASS.
+
+Edit 3: To all international apes asking about procedures on buying/transferring shares into Computershare from abroad, I apologize! I haven't looked into that myself as an American ape. DEFINITELY check out [these megathreads](https://www.reddit.com/r/GMEJungle/comments/p42cuv/computershare_megathread_drs_direct_registration/), I would bet there are some major answers there!
+
+Edit 4: A lot of people are asking how long buy/sell orders would take to execute via Computershare. I'll just copy MY DUMB APE GUESS here-
+
+Honestly, I wish I had an exact answer for you and myself too. I read the details on Computershare about their order execution process. I'm just another smooth ape, so don't hold me to this, but...
+
+Basically, based on the fact they send your order electronically to a broker to execute and fill, I would guess that as long as you submit your sell order during normal market hours and volume is decent (MOASS will have astronomical volume going on) the order would probably be executed by the broker and come back to you fulfilled within a minute. BUT a minute could be a very long time during MOASS, price could be spiking up and down insanely by hundreds or thousands every other second eventually. ALSO, we don't know when MOASS will take place, and my guess is the big money hedge funds and market makers will be nonstop buying even during pre- and after-market hours, and Computershare SPECIFICALLY states that outside of normal market hours, if you submit an order, it will NOT route for execution until the next normal market hours! So my personal takeaway would be, DO NOT transfer shares away from your broker that you intend to specifically sell DURING MOASS. Keep them with your broker because that's what they are good for, quick and efficient routing and execution. You can save shares in Computershare for the "infinity pool" so as to pressure shorts and keep pricing elevated during MOASS, or you can at least have them set aside in Computershare for MOASS and then look to sell them after MOASS, in more sane times, when GME is returning down to a price that shareholders will decide is its "fair value." at that late point in time, we will all be discovering what the shareholder base believes GME's normal value should be (I personally am curious and excited to see what we will all collectively decide that value will be!), and as the company grows you could just sell from Computershare without issues. A minute for execution will hardly matter at that point.
+
+Not financial advice! Just my smooth brain take :)
+
+Edit 5: [Guide to transferring shares from many brokers to Computershare](https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/)

03-Computershare-and-Direct-Registration/2021-09-23-International-Apes-Computershare-US-DRS-Transfer-Guide-to-the-Galaxy.md

@@ -0,0 +1,421 @@
+International Apes ComputerShare US DRS Transfer Guide to the Galaxy
+====================================================================
+
+| Author       | Source       | 
+| :-------------: |:-------------:|
+|  [u/bossmighty](https://old.reddit.com/user/bossmighty) | [Reddit](https://old.reddit.com/r/GMECanada/comments/pu17n1/international_apes_computershare_us_drs_transfer//) | 
+
+---
+
+Intro
+-----
+
+This apes guide to ComputerShare US (CS US) involves most if not all the information needed to safely guide any smooth brain ape to hodl shares in their precious names. It will focus on the process after initiating the brokerage transfer, as there are many specific and general guides out there for that!
+
+Direct Registration System (DRS) Transfer can be a little more complicated for non-US citizens for two reasons: proof of identity and taxation.
+
+This guide aims to detail the necessary steps to shorten account opening process to a minimum and avoid any surprise!
+
+-   Opening an Account
+-   Verifying Shares arrived @ ComputerShare
+-   Speeding up & receiving CS Account Number/DRS Statement
+-   Wut do With Tax Forms?
+-   Online Registration - 1st Step & Generate Verification Code
+-   Waiting/Speeding up on Verification Code
+-   Online Registration - 2nd Step
+-   Buying & Selling, and Intl Currency Exchange forms if needed
+
+All necessary contact information for ComputerShare will be available at the bottom of the guide. Everything is done through ComputerShare US only. No other CS region will know what to do in regards to GME.
+
+Please be polite to all CS US representatives & staff, as they are under tremendous workload going into the holidays, and have been trucking through this like champs so far!
+
+Note: Customer Support staff, phone and livechat, are based in Phillipines as far as I know.
+
+Their phone lines are not the best quality either, so there may be static/breakup during the call, just ask nicely for them to repeat if necessary. ComputerShare, please set up a sub for feedback on your services and platform!
+
+Note that CS US cannot provide any tax-sheltered accounts for non-US apes. Must transfer from a Cash Account (unless Broker can support the full process, be aware of any tax implications).
+
+* * * * *
+
+Terms
+-----
+
+-   DRS (Direct Registration System)
+-   CS US (ComputerShare US)
+-   USD (US Dollars)
+-   Foreign Citizen (Non-US Citizen)
+-   Foreign Resident (US Citizen outside US)
+-   Snailmail (Regular Mail)
+-   Courier (Express Mail - UPS/FedEx/DHL etc.)
+-   Direct Debit (DirectStock Buying)
+-   Direct Credit (Sales & Dividend Payments)
+
+* * * * *
+
+Opening an Account
+------------------
+
+#### Does USD Cheques work for initial opening as an international?
+
+No.
+
+Research by previous apes indicate buying stock directly via USD cheque to their mailing or overnight address does not work for new accounts with foreign citizens.
+
+Only works for subsequent buying of stock online.
+
+#### How does Ape open an account then?
+
+##### Brokers DRS Transfer
+
+Ape must transfer from a brokerage that currently supports outbound DRS transfers. Great lists by Bibic-Jr & da_squirrel_monkey
+
+Brokerage fees and time may vary. All personal information is carried from broker to CS US. Be aware of any name, address or other information inaccuracies before proceeding, or trouble may lay ahead ape.
+
+Shares should leave the broker within 3-5 days of submitting the DRS transfer request. They may be a little overworked so a bit of leeway is acceptable but anything over 5 is daily followup territory. It is a electronic transfer, there are no physical certificates involved in this particular DRS transfer.
+
+Brokers mentioning 4-6 weeks are including the statement snailmail time. Once the shares leave the broker within that hopefully 5 day period, it will arrive at CS US and a shell account is opened in apes name & address.
+
+Note: Brokerage RUSH fees IS THE SAME AS PAYING CS US COURIER! Do not get scalped by the brokers when there is a much cheaper alternative. They are simply rushing the paper DRS statement that CS US sends.
+
+##### GiveAShare Dot Com
+
+Another method to create an account is with GiveAShare. Price is approx 2x of a single GME share, but you purchase a registered share and get a replica stock certificate. It even has Ryan Cohen & Matt Furlong names printed on it! No signatures yet ;)
+
+GiveAShare will mail the replica certificate and will pass on all relevant information to CS US. Once the shares land at CS US, can request for courier as well, just like transfer apes! Should only be a few days for funds to clear, purchase made and shell account opened. See below for more details.
+
+##### MULTIPLE TRANSFERS NOTE
+
+If you are transferring multiple times, a new account would be set up each time UNLESS the CS US account is tax certified! If possible, add a note with existing CS account number, but it may not be needed.
+
+You cannot transfer into a specific Account Number UNLESS it is already tax-approved, otherwise the transfer will reject. This information only applies towards transfers after the first one one initiated.
+
+Transfers from multiple sources may still result in multiple accounts, but all should be available to view in Online Account. Call CS US for any clarification or questions in this regard.
+
+#### Does Ape get an email when DRS is done?
+
+Most international brokers for a US DRS, no.
+
+* * * * *
+
+When do my shares arrive?
+-------------------------
+
+Usually after 3-5 business days (unless broker sus) they should land at CS US and a shell account with apes name/postal code is created. Try calling after 3 days and enquire on status.
+
+#### How do I call and get through to a representative?
+
+##### Telephone Contact Numbers
+
+Canadian, Puerto Rican and American apes can call the listed Toll-Free number listed here:
+
+> +1 (800) 522 6645
+>
+> M-F: 9am to 7pm ET
+>
+> Sat: 9am to 5pm ET
+
+Any other global apes can call the listed Toll number here:
+
+> +1 (201) 680 6578
+
+Assume same times as above, cannot confirm.
+
+##### Telemenu Prompts
+
+Start by saying "GameStop Corp"
+
+Sometimes can go straight to agent (can also hang require recall), others goes through telemenu.
+
+Skip through menus by pressing 0 3 times, or a combination of *,0,# to skip SSN verify and then again for Account Number verify, then try "Customer Service", 0, * or # again, and you should get an agent!
+
+They also have a chatbot (Penny) that can be accessed, a live representative can be reached through the chatbot during listed hours below.
+
+> M-F: 8am to 8pm ET
+>
+> Sat: 9am to 5pm ET
+>
+> If a representative is available, you can engage in a Live Chat conversation.
+
+Both contacts can be found here: <https://www-us.computershare.com/Investor/#Help> Live Chat is a small button under the search, and can verify the above phone # in the Contact Us section.
+
+Edit: Apparently live chat is a popup that occurs on US pages of CS US after ~30s but I do not see any...
+
+<https://www.computershare.com/us/investor-inquiries>
+
+HTTPS blocks may occur when redirecting to www-us url, but it is not to worry. Just ensure HTTPS is still enabled whenever entering sensitive information to any website.
+
+#### How does the agent verify ape?
+
+Based on the broker information passed is what they will reference. Name, and Postal/Zip Code is how they look up ape. Then ape confirm full address if found. ComputerShare has a alternate lookup system as well for GameStop if having trouble initially.
+
+An agent will never say apes account number, and must be provided by the ape. Account number is a secure verification.
+
+Do not ever share your account number outside of ComputerShare. DO NOT SHARE THE BARCODES EITHER.
+
+Keep track of all documents, trade statements, and shred any rubbish!
+
+For anyone curious, Account Numbers are sequential, so even mentioning a timeframe can narrow ape down. Play it safe apes, if you can.
+
+* * * * *
+
+Shares arrived. Wut Do?
+-----------------------
+
+Congratulations Ape you made it. Now is the hard part of waiting on snail mail. Two mails, for all foreign citizens. One mail, for on the ball foreign residents. But both mails can be couriered if required, and at anytime!
+
+When the shares arrive, likely the following day DRS Advice/Statement will be mailed out to apes address on file. Along with a customized W8-BEN form with some pre-filled information.
+
+Apes can fill the W8-BEN form in, and mail back. Can courier to CS US overnight address if wish to do so, upto individual apes. Tax form takes 3-5 business days to certify once received, then buying & selling is enabled on the account.
+
+#### How to Sped?
+
+**Courier is $45USD, and paid over the phone by credit card or debit visa/mc. Old school debit cards may not work*
+
+DRS Statement/Advice & Verification Code can be couriered at any time. If the code is already generated and sent in snailmail, then a new code is generated and the old one is invalidated. The new code will be couriered, overnight delivery for canadians, estimated 3-5 business days for other regions.
+
+Do not attempt to input the old one if received!
+
+* * * * *
+
+SMOOTHBRAIN ELIA WHY DOES APE CARE??
+------------------------------------
+
+By calling within that 3-5 business day period you can confirm that your shares arrived at CS. You wont have account number so they verify you by name/address.
+
+If shares arrived into ComputerShare and you call that day, then you can pay $45USD by credit card over the phone to courier the DRS statement (1st mail) to receive in only a few days, instead of few weeks.
+
+You can cut down from overall setup time from 4-8 weeks to ~2 weeks with both mails couriered!
+
+Can courier statement and verification code at any time ape wishes to do so. New code will be generated, and old one invalidated if already in snailmail.
+
+* * * * *
+
+Tax Form? Wut Dis?
+------------------
+
+The associated tax form is for tax-treaty between apes country and UncleSam. This is so ape does not have 24% withholding tax.
+
+W8-BEN is required for any non-US Citizen. W9 is required for US Citizens.
+
+#### Wen Send Tax Form?
+
+Tax Form Download: <https://www-us.computershare.com/Investor/#Help/PrintableForms>
+
+##### Foreign Citizens
+
+Once the tax form arrives at ComputerShare, it takes another 3-5 business days to certify it and attach to the account.
+
+However you can download from the forms link listed at the bottom of the guide, and complete it. Can send immediately as you receive your account number. May be possible to send before receiving account number, check with CS US!
+
+Foreign Citizens, may choose not to send W8-BEN form, and fill out online instead after setting up account. Though it requires to be certified before ape can buy or sell through CS.
+
+Foreign Citizens with a US-TIN (previously worked in US, claim income), I would suggest calling CS US to see available options to you!
+
+##### Foreign Residents
+
+Ape can send a filled W9 tax form (without account number) immediately without having to wait for the DRS statement. This allows ape to bypass the forced 2nd snailmail Verification Code. Please read carefully if this circumstance applies to you.
+
+Must send in filled W9 with US-TIN. Can be couriered if wished, use the Overnight Delivery address (at bottom of this guide).
+
+Once ape confirms with CS US that Tax Form was received and certified for account. Only then proceed with Online Registration, and there will be option for Online Identity Check. This skips the snail verification code.
+
+If ape does not wait for Tax form to be attached (3-5 business days after CS receives it), before starting Online Reg, then must go snailmail verification as well.
+
+Will have full access afterwards.
+
+##### International Currency Forms
+
+If needed, can download, fill & send International Currency Exchange & Wire Form, same time with Tax Form. Explained further below in Sell (Direct Credit) section.
+
+This is for changing default method, physical USD Cheques, to Intl Currency Cheque or Wire.
+
+Changing USD Cheque to USD Wire requires a different form mailed by CS US rep (or same, I couldn't understand).
+
+Cannot maintain multiple payment methods on the account unfortunately.
+
+* * * * *
+
+Online Registration
+-------------------
+
+When first mail arrives, with the DRS Advice/Statement and CS Account Number. Can proceed with Online Registration.
+
+Can register here: <https://www-us.computershare.com/Investor/#Registration/>
+
+PLEASE DO NOT USE PERSONAL INFORMATION FOR SECURITY QUESTIONS! SECURE ALL LOGIN/SECURITY DETAILS!
+
+Foreign Citizens, once complete and hit submit. Automatic mail with a generated verification code will be sent to address on file. Can be couriered if it has not been mailed yet, call CS US asap!
+
+Foreign Residents, with US-TIN attached can proceed with Online Identity Check. If failed, or insufficient information on TIN, then must do Verification Code as well.
+
+Save your Online Registration details to complete after 2nd mail!
+
+### Verification Code Received! Yay! Wut Do?
+
+Once Foreign Citizens receive the 2nd mail which includes the Code.
+
+-   Access the application/account of your online registration details from your first mail step.
+-   Then enter the associated code.
+-   Only have 5 tries, or must wait on another new mail and code.
+
+Call CS US before using all tries if having difficulty!
+
+Once entered correctly, the online account is fully setup!
+
+Can check on Tax Ceritification status, as well as link bank accounts/payment methods for Direct Debit (buy) and Direct Credit (sell).
+
+Can update mailing preferences and email/phone as well. Address requires phone call I believe.
+
+* * * * *
+
+Buying & Selling on ComputerShare US
+------------------------------------
+
+Note: This ape is not advocating selling on CS US, just stating how it is done and ways to receive sales & dividends payment.
+
+Buying & Selling is possible for international investors.
+
+Apparently GameStop recently switched from DirectStock Plan (DSP) to DirectStock Purchase Plan (DSPP), which now allows Internation investors to buy GameStop directly from CS.
+
+This seems to be a new change after a wonderful ape emailed GameStop Investor Relations! S/O to Extra-Computer6303 !!
+
+#### Direct Debit (DirectStock Buying)
+
+Any USD Currency Account should be able to enrolled into Direct Debit, and wire to fund the account and purchase stock directly. TransferWise may work as well.
+
+Essentially a foreign currency account with a bank/credit union that is denominated in US Dollars.
+
+Calling CS US reps about this, specifically regards to GME may result in other answers like only US Banks or Bank with US address. Politely ask to double check for GME and they should confirm any USD currency account is possible to purchase GME online through ComputerShare US!
+
+This guide will not go over how to convert DRIP to Book, or how to keep the fractionals, as Pink has great guides on the process already. Both holdings are still Registered Shares in apes name.
+
+#### Direct Credit (Sales & Dividends)
+
+Default payment method is physical USD Cheque. If you are fine with that and can accept it, then no need to do anything as long as tax form is approved/certified.
+
+If you wish to use USD Wire, or international currency cheque or wire, various fees apply. This is a bank electronic transfer or physical cheque. Take a look at the associated form and contact your bank for more details.
+
+<https://www-us.computershare.com/Investor/#Help/PrintableForms>
+
+Can view an extensive FAQ and the form itself for all related information. Covers a lot.
+
+Only need to fill this form once to set preferred method (if changing from USD Cheques). Does not require a form on each transaction.
+
+Cannot maintain multiple payment methods. Must only be one.
+
+* * * * *
+
+#### Transfer Out of CS - What to Know?
+
+Not all international brokers will allow you to accept inbound US DTC DRS'd shares. Please check if that is the case, and may be something an ape should consider in their own circumstance.
+
+WealthSimple for example is the only Canadian broker afaik that cannot accept DRSd shares. Likely due to not providing any USD accounts and uses the CDS as an intemediary to the DTC.
+
+* * * * *
+
+TL;DR
+-----
+
+-   Transfer from broker ~3-5 business days
+-   Call CS US after 3 days, ask about account.
+-   If call CS when shares arrive, can speed up first mail which holds account number. Go from 2-4wks to 3-5 day.
+
+-   Do online registration after account number, submit.
+
+-   Wait for 2nd mail with verification code. Can be sped up like first, by paying courier! Go from 2-4wks to 3-5 day
+
+-   Enter, and full account open.
+
+-   Can change payment from physical USD cheque to USD wire or Intl Cheque/Wire with form. Can send form with tax form if needed, or later.
+
+-   USD Currency Accounts linked should be able to buy stock on CS.
+
+Can cut down overall setup time from 4-8 weeks to ~2/3 weeks if can courier both mails!
+
+* * * * *
+
+Contacts & Forms
+----------------
+
+### Mail
+
+> Regular Mail:
+>
+> Computershare Investor Services
+>
+> P.O. Box 505005
+>
+> Louisville, KY 40233-5005
+>
+> United States of America
+>
+> By Overnight Delivery:
+>
+> Computershare Investor Services
+>
+> 462 South 4th Street, Suite 1600
+>
+> Louisville, KY 40202
+>
+> United States of America
+
+### Phone
+
+> Toll Free (America, Canada, Puerto Rico)
+>
+> +1 (800) 522 6645
+>
+> Toll (Anywhere Else - BE AWARE)
+>
+> +1 (201) 680 6578
+>
+> Toll Free(?) (America, Canada, Puerto Rico - Apparently new Dedicated GME team number according to a CS US livechat - number seems to check out as well.
+>
+> +1 (877) 373 6374
+
+### Email
+
+web.queries at computershare dot com
+
+### Forms
+
+Tax, Currency and related Information + DRS Information forms available here:
+
+<https://www-us.computershare.com/Investor/#Help/PrintableForms>
+
+* * * * *
+
+Outro
+-----
+
+Hope this helps as many apes as possible, just detailing the DRS process and what to expect. It should ease a lot of anxious minds! As well as speed up the process!
+
+Thx y'all and Power to the Players!
+
+Ape hopes this guide encourages apes in other regions to explore any specific circumstances in their cases, research and share! Apes Together Strong.
+
+Don't forget your towel ;)
+
+* * * * *
+
+edits:
+
+-   Sept 27th:
+
+    -   Added new information regarding verification code, confirmed it can be couriered as well! Significantly reducing setup time.
+-   Sept 28th:
+
+    -   Debit Visa/MC card payments possible on Courier fee. Call to check personal circumstance! Old-skool debit cards may not.
+    -   Added new dedicated GME CS US team number. Number seems to check out for CS US and listed for many other companies @ CS.
+    -   Added note about brokerage DRS rush fees, and its same as paying for courier through CS US.
+-   Oct 1st:
+
+    -   Verification code, like account statement, can be couriered at any time. New code generates, invalidate old one if in snailmail.
+    -   45USD courier fee for anyone outside US. 35 is us only.
+    -   Clarified broker section for DRS transfers and cleaned up guide.
+
+* * * * *
+
+ps.
+
+nfa/nla.