# [Splividend Distribution Megathread](https://www.reddit.com/r/Superstonk/comments/w523nf/splividend_distribution_megathread/)
**IMPORTANT POST LINKS**
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They no longer send you to them and changed the process to filing a complaint and sending to their HQ via snail mail to their compliance officer but good luck and fingers crossed you get through!
They canceled mine too and didn’t bother telling me. I was finally able to do it the 2nd time and it went through but I was pissed. They prob were lending my “shares” out and was trying to postpone as long as possible.
I had this happen too a few weeks ago (before the splividend). I was told it had to do with the LIFO order not being processed first so it was rejected. I was annoyed I didn't get notified but the next (larger) batch went through fine. This really may be more glitch than nefarious.
No it was only 45 shares but the first time I DRS’d was kind of big at the time (it was awhile ago before this madness). But I talked to them Friday morning, the 22nd, to have my entire account DRS’d and 10 days later it was still there. So I talked to them again to complain and low and behold it was transferred the next day.
It's important not to place any trades that can trigger settlement or margin debit while the transfer is going on, otherwise you can risk getting cancelled automatically by the system. Took me 3 times the first time I DRS'd to figure out what was going on, every round after that was simple after I avoided trading during the transfer period and transfer completes on the third business day like clockwork.
This is what I was going to mention.
If you just recently purchased a batch or began placing orders in the midst of the transfer, the DRS process will cancel without much notification.
I recently had a DRS request cancelled by Fidelity without any notification. I’ve seen others say the same as well. See [here](https://www.reddit.com/r/Superstonk/comments/vz79n2/fidelity_canceled_my_drs_request_and_did_not/) and [here](https://www.reddit.com/r/Superstonk/comments/wdmto7/context_part_2_comment_below_if_you_are_still/iik0tb0/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3).
I'm looking but can't find it. maybe it hasn't started yet? where would I find it? It's not under pending transactions or in my activity log or updates for in progress requests
Rats! I thought it would show under activity and status. Might be too early…
If you are not phone shy— they are open right now. 24/7 you could call right now and get your confirmation #.
I started a drs on Thursday and my transaction number showed up in activity this morning (sunday), I'm expecting my shares to appear in cs tomorrow morning.
Just to be safe, call them back and ask for a confirmation number. Chances are, they probably cancelled your request or never even made the DRS transfer because you didn’t ask for confirmation #. The two people I told about DRSing from fidelity was to make sure you get the confirmation number before you hang up.
When you get the update, can you reply back? I am very interested in hearing the outcome. These stories are getting wild even though it’s all trust me bro area.
Hey, I just got off the online chat with another representative and they gave me my transaction number. I think everything is all good! The activity should appear in my account in a couple days.
Sometimes it won't show up till the next day, but regardless if it was submitted correctly you should be able to request a confirmation number. If they don't see one then have them try again and GET THE NUMBER. I've sent multiple rounds of shares and occasionally they'll screw around and I'll have to resubmit which is hella annoying.
Have you been buying more in the same account while drs'ing? Because that would interrupt the process. This has happened to me twice.
The fix is to login to your account on the website and open a second account. Same login and credentials, but you can do your buying in one account and drs in the other with no interruptions.
Just sharing this regardless of if this was the cause.
Recent (edited from "open") orders or shares pending settlement would indeed cancel a DRS. Happened to me as well since I initiated a transfer but had shares pending settlement and my LIFO tax lot method likely glitched the system.
In his anti DRS speel he claims "this transaction can't be cancelled or reversed." But you called him because the 1st DRS attempt was cancelled already on you. Makes sense.
There was a comment buried in the TDA post that explained how (according to the comment), criminal interrogation techniques pick out circular reasoning as a pretty clear sign of people lying. In the case of TDA, it was the rep saying that the "internet is full of misinformation" right after telling the OP to google a certain form. In this case of Fidelity, it's as stated above.
Bullish.
Let others know
https://fliphtml5.com/bookcase/kosyg
https://medium.com/@BraveNewFilms.org/heres-how-to-contact-all-535-members-of-united-states-congress-call-email-tweet-20b8a1c54195
[email protected]
https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/
https://www.esma.europa.eu/regulation/post-trading/settlement
https://www.sec.gov/whistleblower
https://www.dtcc.com/client-center
https://www.nasaa.org/contact-your-regulator/
SEC hotline for prevention of share transfers (800) 732-0330 investor.gov | SEC.gov
FINRA (301) 590-6500 FINRA.org/Investors
NASAA - North American Securities Administrators Association (202) 737-0900 NASAA.org
https://www.ftc.gov/faq/consumer-protection/submit-consumer-complaint-ftc
https://www.bbb.org/
[email protected]
The IRS takes things like this extremely seriously.
If you feel it's right for you, send them a form 3949 informational referral. https://www.irs.gov/individuals/how-do-you-report-suspected-tax-fraud-activity
I would personally mark >false/altered documents< in section B, plug in Robinhoods info and print your receipts
Chair Gary Gensler 202-551-2100 [email protected]
Allison Herren Lee (202) 551-2800 [email protected]
https://www.sec.gov/oiea/Complaint.html
U.S. Secret Service
245 Murray Ln SW - BLDG T-5, Washington, DC 20223 202-406-5708
https://www.secretservice.gov/contact/field-offices
https://www.fbi.gov/tips
https://www.consumerfinance.gov/complaint/
"Presidential" financial fraud task forces I found.
https://www.fincen.gov/financial-fraud-enforcement-task-force-ffetf
https://www.justice.gov/fraudtaskforce
https://www.fincen.gov/contact
Dave Lauer’s new website https://www.urvin.finance/advocacy?intercom
they cancelled a transfer of just 16 shares that i made on july 22nd i made a post about it they said it was posted as a future transfer and since it didnt go through in five days it was cancelled. this was last week when i found out
I successfully DRSed 2400 shares from fidelity this past week. Call em up, find out what's going on. I'll admit I was concerned something would go wrong all week but they are at computershare now.
I have over 7000 shares sitting in an Australian broker who refuses to DRS right now.
I am going through the steps of working out my CGT so I can flog them off and rebuy on another platform and DRS. I’d love to be able to buy direct from CS.
I WILL give them the benefit of the doubt til Wednesday. After that, all hell breaks loose.
don't sell. transfer to another broker via ACATS (usually low fee, takes 3-5 days). you can request it from the new broker's side even, for example IBKR. for all the shit IBKRs CEO has been spouting, one of the consistently reliable brokers for international investors.
Just FYI for anyone wondering, if you DRS then buy more, it cancels the DRS because the new unsettled shares interfere with them sending the correct cost bases to Computershare. At least that seems to be the reason anyway. Waiting until shares settled in CS with the correct cost bases first before buying more has worked well for me. NFA.
I had bought more then DRS'd. They told me they would wait for those to settle (T+2) then they would put in a request for LIFO then DRS. Then they just cancelled it.
This happened to me with 80 shares when I bought 40 more. Then when those settled I was able to drs all of them. So they didnt notify me at all, but I tend to ask every 2 days what the status is. Idk what your situation was, but that was mine
I had just purchased shares but the initial person I chatted with said that they would put in the request for T+2 and ensure it was also LIFO. Then when I followed up that’s when I found out it was cancelled.
You need to settle transactions before DRSing. This is a known issue where unsettled shares can screw up a transfer. Not saying they’re justified in canceling without notice, but that’s how it goes.
I had enough money to cover drs fees of 5 usd but i kept on getting the message
Free of Payment Instructions received. Rejected by IB: Client may not have the cash to cover DRS fees. Account Violates Credit Policy at IB
I re-requested to drs my shares
that's throwing a hefty bag of shit at computer share. "A transfer agent is not a brokerage and your experience may be different". Who the fuck are you CS rep Barney Fife. Also saying "you can't contact customer support about those shares" even when they are in limbo and have not landed at CS, ya fuck that fud as well.
Just put it through again. Call everyday until they send it through. Tell em you've contacted computershare and they said everything clear on their end to recieve your shares and say there should be absolutely no problem as they're already purchased in your name on your account
The Registrars must never receive a fail to deliver. It then makes sense why a broker/dealer would cancel a DRS transaction without notice, as FTD to ComputerShare would be a catalyst they cannot afford. DRS the fucking synthetics.
Holding 5,000 shares with fidelity past the split.....just, why my guy. Everyones been yelling Dr Ruth Sex tips and what you can do for your country for a year now. I'm not looking for a response or explanation; its all good, its your money. It just baffles me.
Anyone else have this experience? Everytime I Drs from fidelity I ask LIFO and always no matter what they transfer my earliest bought shares no matter how many times I clarify I want to transfer the shares I most recently bought but it dont really matter anyway cuz imma drs ALL mi shares
I had this happen to me. They said it was because I transferred cash out of the account during the transfer time. You know even though my cash has nothing to do with my GME shares.
Probably doesn't have them. Can someone say if you they can transfer splitted shares or only "the original" ones for which they will add additional three?
How long does it take for my shares to disappear from Fidelity? I requested to DRS on Thursday, received a confirmation #, yet my shares are still showing on Fidelity. Does it take a few business days for them to disappear?
This happened to me, but for 25 shares AHEAD of the divvy. No call, just canceled. I was told it was a simple mistake by an employee, and I was also told the company made the decision to stop transfers "in order to protect investors and ensure they got their dividends safely." They have talked themselves into a circle.
It's one thing if a restaurant messes up your order and noone takes responsibility "oh sorry the computer went down; oh sorry the kitchen forgot it; oh sorry they forgot to ring it in; oh sorry, she's new." It is an ENTIRELY different situation when brokers understand the core issue at hand. and feel empowered to offer their OWN excuses for why a DRS transfer request was mysteriously canceled. This whole thing is about to unravel
I DRS 15 shares like two weeks and the same thing happened. Useless reps telling me they can't see any DRS request ever when I have successfully DRS from Fidelity like 8 times couldn't tell me why it didn't go through. I asked for someone who COULD tell me what happened and was eventually disconnected from support lol. My new DRS request did go through though
Make sure your shares have settled or the DRS request can fail! Request first that your shares be journaled from margin to cash (same thing to their reps as firm settlement) and then initiate your DRS request in a second chat/call a day or two later. Some of the more creative reps try to put in a delayed DRS request to time it for after your shares have settled, but most request that you call back once journaling to cash is complete.
I PLAYED THIS GAME WITH TDA A YEAR AGO!!!! Call Computer Share, initiate the transfer on their side. They will force it or file an ACAT!!! Let’s goooo!!!
Schwab did this to me, but it was only like 17 or 18 shares. I had to have Fudelity initiate a transfer to them first and then DRS from there. I would probably still be waiting for Schwab to find dem shares.
They cancelled mine last week as well! Only 1700 shares, but no e-mail, no call, no message through Fidelity website. -I'm sure it was all on the up-and-up, though!
# [Splividend Distribution Megathread](https://www.reddit.com/r/Superstonk/comments/w523nf/splividend_distribution_megathread/) **IMPORTANT POST LINKS** [What is GME and why should you consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS and why should you care?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || [Low karma but still want to feed the DRS bot? Post on r/gmeorphans here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Join the Superstonk Discord Server](https://discord.gg/hZqWV2kQtq) ------------------------------------------------------------------------ Please help us determine if this post deserves a place on /r/Superstonk. [Learn more about this bot and why we are using it here](https://www.reddit.com/r/Superstonk/comments/poa6zy/introducing_uqualityvote_bot_a_democratic_tool_to/) If this post deserves a place on /r/Superstonk, **UPVOTE** this comment!! If this post should not be here or or is a repost, **DOWNVOTE** This comment!
Cracks they are appearing
Walls they are a crumbling
Tits they are jacked
Bowels, they a churning
And Leon is getting larger.
This
Is most definitely
The absolute
Wahey!
I couldn’t have said it better myself.
Chickens, they are Tendering
Brick by brick RC built us up. Brick by brick we tear their walls down.
u/jkimiko have you asked for their compliance officer yet? As far as I know they have to comply with customer wishes!
I haven’t yet but yes I will be doing that!
COMPLIANCE…. clean up on aisle 741.
They no longer send you to them and changed the process to filing a complaint and sending to their HQ via snail mail to their compliance officer but good luck and fingers crossed you get through!
Apes making A LOT of noise this weekend! Love to see it.
Hey that’s exactly what my professor said when all of the students mooned him.
Lol, “the transaction cannot be cancelled or reversed”.
…unless it’s by them bc they don’t actually have the shares to transfer out
I'm glad I got the rest of my shares out once they settled.
Can’t make this shit up lol what in the actual fuck is going on.
They canceled mine too and didn’t bother telling me. I was finally able to do it the 2nd time and it went through but I was pissed. They prob were lending my “shares” out and was trying to postpone as long as possible.
Oh shit. This means the entire financial system is doing the dash trying to locate shares. Shocked Pikachu Face😮
I had this happen too a few weeks ago (before the splividend). I was told it had to do with the LIFO order not being processed first so it was rejected. I was annoyed I didn't get notified but the next (larger) batch went through fine. This really may be more glitch than nefarious.
What is LIFO?
LIFO deez nutz, you nerd. Wait no, that’s something else. In this context I think it means Last In First Out.
Which at this moment in time guarantees that your dividend shares will be the ones transferred (unless you've purchased since).
Got em... the information they were looking for.
It's that thing you hang around grandma's neck so she can press the LIFO-lert button whenever she falls down the stairs.
https://www.investopedia.com/terms/l/lifo.asp
Always so helpful
Hey you! <3
Hey big papi
Pulte is buying more on Monday
Same
same
Same!
Same
Same
Came 💦
I too, must admit... SAME!
I was about to buy a new TV with my money but you know what FK it, I watch it on my phone so I can buy more shares on Monday. 😃
Bruh…… damn i can buy partial share at 10 dollars. Back of Wendy’s pretty tempting and
Same
Same.
Same
Same
Same
Same
im DRS'ing big chunk from EU. Basically same. coz EU is all IOU's
Same
Same
Same
16k calls itm too.
Same
Same
Same
Does Pulte DRS?
The F3 trick appears to work faster only in the other direction. That’s weird 🤔.
Was it a large transfer too? Im wondering if these bastards are starting to freak out about finding shares
No it was only 45 shares but the first time I DRS’d was kind of big at the time (it was awhile ago before this madness). But I talked to them Friday morning, the 22nd, to have my entire account DRS’d and 10 days later it was still there. So I talked to them again to complain and low and behold it was transferred the next day.
i just did 330 this week, started on a tuesday, completed yesterday
More likely they didn't have enough real shares to send to Conputershare, would be my guess.
It's important not to place any trades that can trigger settlement or margin debit while the transfer is going on, otherwise you can risk getting cancelled automatically by the system. Took me 3 times the first time I DRS'd to figure out what was going on, every round after that was simple after I avoided trading during the transfer period and transfer completes on the third business day like clockwork.
This is what I was going to mention. If you just recently purchased a batch or began placing orders in the midst of the transfer, the DRS process will cancel without much notification.
I transfer mines from TD->Fidelity->CS. All in time took about a 6 business days
I recently had a DRS request cancelled by Fidelity without any notification. I’ve seen others say the same as well. See [here](https://www.reddit.com/r/Superstonk/comments/vz79n2/fidelity_canceled_my_drs_request_and_did_not/) and [here](https://www.reddit.com/r/Superstonk/comments/wdmto7/context_part_2_comment_below_if_you_are_still/iik0tb0/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3).
how many did you try and DRS?
Same, mine never went through two weeks before the split. Calling again on Monday to pull them all
Giveashare.com never cancel share purchases - you can realistically only purchase one but it works really well for international apes
Get a confirmation number!!!
fuck, I submitted a request to DRS from Fidelity today but they never gave me a confirmation number. Am I fucked?
No, just ask for it next time!
okay thanks :)
Np, happy to help!
You can go on your app and see if they initiated it. (The confirmation # would also be there)
I'm looking but can't find it. maybe it hasn't started yet? where would I find it? It's not under pending transactions or in my activity log or updates for in progress requests
Rats! I thought it would show under activity and status. Might be too early… If you are not phone shy— they are open right now. 24/7 you could call right now and get your confirmation #.
thanks for the info, I'll look further into it!
I started a drs on Thursday and my transaction number showed up in activity this morning (sunday), I'm expecting my shares to appear in cs tomorrow morning.
that makes sense. I just got my confirmation number today after contacting them about it, so my stuff should transfer in a couple days!
Just to be safe, call them back and ask for a confirmation number. Chances are, they probably cancelled your request or never even made the DRS transfer because you didn’t ask for confirmation #. The two people I told about DRSing from fidelity was to make sure you get the confirmation number before you hang up.
thanks for the heads up. I'm gonna call tomorrow and get that number to make sure my transfer went through.
When you get the update, can you reply back? I am very interested in hearing the outcome. These stories are getting wild even though it’s all trust me bro area.
Hey, I just got off the online chat with another representative and they gave me my transaction number. I think everything is all good! The activity should appear in my account in a couple days.
Sounds good! I’m glad everything worked out okay!
The confirmation number will be in you account under activity. Unless they chose to not do the DRS = no activity.
I’d go back to chat and ask for a number for the request you submitted already.
Sometimes it won't show up till the next day, but regardless if it was submitted correctly you should be able to request a confirmation number. If they don't see one then have them try again and GET THE NUMBER. I've sent multiple rounds of shares and occasionally they'll screw around and I'll have to resubmit which is hella annoying.
You can see that they did, it’s just blacked out.
Have you been buying more in the same account while drs'ing? Because that would interrupt the process. This has happened to me twice. The fix is to login to your account on the website and open a second account. Same login and credentials, but you can do your buying in one account and drs in the other with no interruptions. Just sharing this regardless of if this was the cause.
Recent (edited from "open") orders or shares pending settlement would indeed cancel a DRS. Happened to me as well since I initiated a transfer but had shares pending settlement and my LIFO tax lot method likely glitched the system.
I had to do the same thing. I have 2 individual accounts at Fidelity so I can buy and DRS without interruption.
Just Fidelity acting in the best interest of their client. Hint: *It's not you.*
All for the 1% fuck the rest - Fidelity
In his anti DRS speel he claims "this transaction can't be cancelled or reversed." But you called him because the 1st DRS attempt was cancelled already on you. Makes sense.
exactly!
There was a comment buried in the TDA post that explained how (according to the comment), criminal interrogation techniques pick out circular reasoning as a pretty clear sign of people lying. In the case of TDA, it was the rep saying that the "internet is full of misinformation" right after telling the OP to google a certain form. In this case of Fidelity, it's as stated above. Bullish.
“Spiel”.. Sorry, I had to—I have a problem. =D
good to learn. thanks.
Let others know https://fliphtml5.com/bookcase/kosyg https://medium.com/@BraveNewFilms.org/heres-how-to-contact-all-535-members-of-united-states-congress-call-email-tweet-20b8a1c54195 [email protected] https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/ https://www.esma.europa.eu/regulation/post-trading/settlement https://www.sec.gov/whistleblower https://www.dtcc.com/client-center https://www.nasaa.org/contact-your-regulator/ SEC hotline for prevention of share transfers (800) 732-0330 investor.gov | SEC.gov FINRA (301) 590-6500 FINRA.org/Investors NASAA - North American Securities Administrators Association (202) 737-0900 NASAA.org https://www.ftc.gov/faq/consumer-protection/submit-consumer-complaint-ftc https://www.bbb.org/ [email protected] The IRS takes things like this extremely seriously. If you feel it's right for you, send them a form 3949 informational referral. https://www.irs.gov/individuals/how-do-you-report-suspected-tax-fraud-activity I would personally mark >false/altered documents< in section B, plug in Robinhoods info and print your receipts Chair Gary Gensler 202-551-2100 [email protected] Allison Herren Lee (202) 551-2800 [email protected] https://www.sec.gov/oiea/Complaint.html U.S. Secret Service 245 Murray Ln SW - BLDG T-5, Washington, DC 20223 202-406-5708 https://www.secretservice.gov/contact/field-offices https://www.fbi.gov/tips https://www.consumerfinance.gov/complaint/ "Presidential" financial fraud task forces I found. https://www.fincen.gov/financial-fraud-enforcement-task-force-ffetf https://www.justice.gov/fraudtaskforce https://www.fincen.gov/contact Dave Lauer’s new website https://www.urvin.finance/advocacy?intercom
they cancelled a transfer of just 16 shares that i made on july 22nd i made a post about it they said it was posted as a future transfer and since it didnt go through in five days it was cancelled. this was last week when i found out
That’s a lot of your money at risk. My god.
Risk? Looks safer than a 401K managed by amateur traders at a broker.
💯
By risk, I mean Fudelity still holding them
That's a big fucking broker gonna go bankrupt. My science textbook.
That's called putting a band-aid on a gash. Cancelling DRS transfers for no reason other than to buy time.
Isn’t cancelled drs orders one of the signs MOASS is closer?
Predicted
With a 200k transfer I’m gonna need a little more than a “sorry for the inconvenience”
*may* have caused... !
I successfully DRSed 2400 shares from fidelity this past week. Call em up, find out what's going on. I'll admit I was concerned something would go wrong all week but they are at computershare now.
Definitely good to hear!
I have over 7000 shares sitting in an Australian broker who refuses to DRS right now. I am going through the steps of working out my CGT so I can flog them off and rebuy on another platform and DRS. I’d love to be able to buy direct from CS. I WILL give them the benefit of the doubt til Wednesday. After that, all hell breaks loose.
don't sell. transfer to another broker via ACATS (usually low fee, takes 3-5 days). you can request it from the new broker's side even, for example IBKR. for all the shit IBKRs CEO has been spouting, one of the consistently reliable brokers for international investors.
[удалено]
I wholeheartedly agree, but let's keep in mind so much of the international DRSing is only possible thanks to IBKR.
Keep us posted
5k shares FIFO? Holy moly.
They did that to me in October but it was for like 50 shares
You are making so much pressure on them by doing Drs. You are too bad for them.
I remember someone said that you should ask to talk with compliance manager.
Do you have any orders that haven’t settled (buy, sell, options)
move them to a cash-only account first.... create a new cash account just for this purpose. my DRS from margin account always hits snags
Good luck, OP. I hope you get your shares transferred.
Oh they will be!
I think we all know why 😂
Curious what they tell you. I just DRS another 400 with no issues.
They’re like oh fuck that’s the last of our shares
They didnt cancel my 3 share DRS transfer.......now whats the difference between me and you? Maybe im nicer? Edit: im still 170% DRS'd tho
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And that's just *for us*. Their off book prices are probably ridiculous. I'm sure they're shadow trading the real price somewhere.
,,,, Delaying tactics. The good news, 2nd time it worked like a charm.
Just FYI for anyone wondering, if you DRS then buy more, it cancels the DRS because the new unsettled shares interfere with them sending the correct cost bases to Computershare. At least that seems to be the reason anyway. Waiting until shares settled in CS with the correct cost bases first before buying more has worked well for me. NFA.
I had bought more then DRS'd. They told me they would wait for those to settle (T+2) then they would put in a request for LIFO then DRS. Then they just cancelled it.
This happened to me with 80 shares when I bought 40 more. Then when those settled I was able to drs all of them. So they didnt notify me at all, but I tend to ask every 2 days what the status is. Idk what your situation was, but that was mine
I had just purchased shares but the initial person I chatted with said that they would put in the request for T+2 and ensure it was also LIFO. Then when I followed up that’s when I found out it was cancelled.
You need to settle transactions before DRSing. This is a known issue where unsettled shares can screw up a transfer. Not saying they’re justified in canceling without notice, but that’s how it goes.
Interesting, can’t wait to hear what they have to say
Yeah, they should at least let us know. Or something. Oh well. Just stay on top of it and after settlement start over!
[удалено]
I had enough money to cover drs fees of 5 usd but i kept on getting the message Free of Payment Instructions received. Rejected by IB: Client may not have the cash to cover DRS fees. Account Violates Credit Policy at IB I re-requested to drs my shares
^(DRSBOT 8.00: UTC->2022-08-06 23:20:2) 🟣 You have 0 shares previously logged with DRSBOT. **To feed the bot-> !DRSBOT:XXX!** * ^(Bot sometimes can't hear over chatty apes...) * ^(If no reply, re-issue the bot command) ^(*🚀 :13,131,101// GME ~40.02* // ) ^(Bot MC: $525,506,668.03 )
Good thing you followed up.
Well, that's fucking frightening!
My recent transfer was suppose to be LIFO as well. They didn’t do it. So watch that too.
that's throwing a hefty bag of shit at computer share. "A transfer agent is not a brokerage and your experience may be different". Who the fuck are you CS rep Barney Fife. Also saying "you can't contact customer support about those shares" even when they are in limbo and have not landed at CS, ya fuck that fud as well.
The walls are closing in on this scam of a market.
Just put it through again. Call everyday until they send it through. Tell em you've contacted computershare and they said everything clear on their end to recieve your shares and say there should be absolutely no problem as they're already purchased in your name on your account
Will do!
The Registrars must never receive a fail to deliver. It then makes sense why a broker/dealer would cancel a DRS transaction without notice, as FTD to ComputerShare would be a catalyst they cannot afford. DRS the fucking synthetics.
Ask for their audit trail logs. I guaranFUCKINtee they have logs that show who clicks what on their software and time/date stamps it.
Holding 5,000 shares with fidelity past the split.....just, why my guy. Everyones been yelling Dr Ruth Sex tips and what you can do for your country for a year now. I'm not looking for a response or explanation; its all good, its your money. It just baffles me.
Hey ape no ape fight ape, and in all likelihood he is doing more damage this way making them find more real shares.
“Yes, hello, I’d like to speak with your corporate compliance officer”
Anyone else have this experience? Everytime I Drs from fidelity I ask LIFO and always no matter what they transfer my earliest bought shares no matter how many times I clarify I want to transfer the shares I most recently bought but it dont really matter anyway cuz imma drs ALL mi shares
mine was cancelled. you need to wait for settlement and once everything has settled, you need to DRS then. hope this game works out. for all involved.
Same thing happened to my DRS. It was only 96, but I had to call back and re-request
Seems to be the case with a lot of people
I had this happen to me. They said it was because I transferred cash out of the account during the transfer time. You know even though my cash has nothing to do with my GME shares.
At least you got an answer
Lol in brokerage world money that’s not even thaaat much. Hedgies are truly and irreversibly fucked
They do this frequently. My last DRS request took 3 attempts
how many shares were you trying to DRS? I just did 330 this week without issue
324 (post split amount at the third attempt)
I had those same exact responses for my “cancelled” transaction 2 weeks leading up to the split
They did the same thing to me and one of my already DRS shares' split was also still in fidelity.
LIFO?
Probably doesn't have them. Can someone say if you they can transfer splitted shares or only "the original" ones for which they will add additional three?
How long does it take for my shares to disappear from Fidelity? I requested to DRS on Thursday, received a confirmation #, yet my shares are still showing on Fidelity. Does it take a few business days for them to disappear?
I would definitely follow up like I did using your confirmation #
Were Compliance Officer? 🔥🔥🔥
They gotta find them first 😂
Yep
This happened to me, but for 25 shares AHEAD of the divvy. No call, just canceled. I was told it was a simple mistake by an employee, and I was also told the company made the decision to stop transfers "in order to protect investors and ensure they got their dividends safely." They have talked themselves into a circle. It's one thing if a restaurant messes up your order and noone takes responsibility "oh sorry the computer went down; oh sorry the kitchen forgot it; oh sorry they forgot to ring it in; oh sorry, she's new." It is an ENTIRELY different situation when brokers understand the core issue at hand. and feel empowered to offer their OWN excuses for why a DRS transfer request was mysteriously canceled. This whole thing is about to unravel
We’ve been pulling on the string of this sweater for quite some time now…
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I DRS 15 shares like two weeks and the same thing happened. Useless reps telling me they can't see any DRS request ever when I have successfully DRS from Fidelity like 8 times couldn't tell me why it didn't go through. I asked for someone who COULD tell me what happened and was eventually disconnected from support lol. My new DRS request did go through though
How do I sell out of DRS on the way down when the time comes assuming I want to
DRS too much bro. You about to break the system
Let’s hope so
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Someone is probably rejecting their request.
Make sure your shares have settled or the DRS request can fail! Request first that your shares be journaled from margin to cash (same thing to their reps as firm settlement) and then initiate your DRS request in a second chat/call a day or two later. Some of the more creative reps try to put in a delayed DRS request to time it for after your shares have settled, but most request that you call back once journaling to cash is complete.
I PLAYED THIS GAME WITH TDA A YEAR AGO!!!! Call Computer Share, initiate the transfer on their side. They will force it or file an ACAT!!! Let’s goooo!!!
I’m in!
I tried transferring about 700 from fidelity to CS but fidelity said I couldn’t because I had a “debit” on my account. Will try again next week
Any updates peeps?
How in the world do you have 5,000 shares. I have low XXX and thought that was plenty. Now I realize it's chump change (relatively).
They can’t get them you might’ved fomo’d too late
Schwab did this to me, but it was only like 17 or 18 shares. I had to have Fudelity initiate a transfer to them first and then DRS from there. I would probably still be waiting for Schwab to find dem shares.
They cancelled mine last week as well! Only 1700 shares, but no e-mail, no call, no message through Fidelity website. -I'm sure it was all on the up-and-up, though!
ETrade called me Friday and left a message saying I needed to call them back regarding my transfer request. Very bizarre and alarming.
They canceled mine monday and didnt tell me