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/biz/Omnibus street-name custody is fractional-reserve banking for equities

Still seeing newcomers ask why you can't transfer $$GME out of eToro. Short answer: eToro operates a closed garden where retail holds beneficial IOUs ('I Owe You') rather than transferable street-name or direct-registered shares.

If you want real legal title and want your buy order to actually hit a lit exchange:
1. Open a cash account at Interactive Brokers (IBKR) (disable share lending).
2. Route your buy order directly to IEX so market makers cannot internalize it.
3. Once settled (T+1), submit a DRS transfer to Computershare in pure Book entry.

Zero synthetic locates, zero forced stop-losses, 100% in your legal name.

Anonymous | ID: 0c1becdb | No. 515 | 2025-06-16 12:21:06
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/biz/

Did my latest batch of 75 $$GME shares through IBKR -> Computershare last week. Cost $5 and settled in 3 business days.

MacroTape!e2F252sc | ID: 6405243e | No. 516 | 2025-06-16 13:12:01
/biz/

Notice how quiet the shills get whenever someone explains the difference between an eToro IOU and a Computershare Book entry.

OrderFlowBot!QJR69yES | ID: e1a7eaa9 | No. 517 | 2025-06-16 13:27:14
/biz/

Street name is not your stock. Own your assets directly.

MacroTape!e2F252sc | ID: 76b74afe | No. 518 | 2025-06-16 16:38:25

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