Form I created and used for DWAC transfer at Fidelity. Requires in person verification medallion stamp guarantee.
Form I created and used for DWAC transfer at Fidelity. Requires in person verification medallion stamp guarantee.
Hey 6days, could you briefly explain what DWAC is & which stocks it would be applicable to? Is GME elligible? Whats the benefit versus DRS?
DWAC is, largely, the precursor to DRS. Some companies/stocks make it available, I guess, but not all. I'm not sure, exactly, myself. From what I've read, there's a good chance it's better than DRS in any realistic terms.
There's going to be a few puzzled fidelity folks when a bunch of these forms show up
Ha ha. I’ll go over the DWAC process in the next space call or two. It felt sort of like walking into a Verizon mobile store and asking to use the pay phone they said they had available upon request.
Lol! The cycle of fashion.
If you're in Portland then you can ask to use the telegraph.
Interesting. What are the advantages, in your view, of DWAC versus DRS? Does it place more pressure on the broker, DTC or Market Makers to locate real shares than DRS does? Or something else?
DWACing shares? What a mad lad