/ drs / 385

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/drs/Street name vs Direct Registration: who actually holds legal title to your shares?

Anyone who traded through January 2021 remembers what happened on IOU apps:

- Buy buttons turned off while institutions loaded up
- Automatic 'Stop Loss' and 'Take Profit' triggers silently attached to non-leveraged cash purchases on eToro
- Zero ability to move your position to a real broker via ACATS

Why wait for the next circuit-breaker halt to find out your broker only sold you a contract for difference? Serious brokers like Charles Schwab, Interactive Brokers (IBKR), Fidelity, and direct registration in Computershare exist for a reason.

DogeCoreDev!.0IAI6Yi | ID: d3aaf8f2 | No. 385 | 2025-05-17 11:43:26
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/drs/

I still have screenshots of eToro forcing stop-losses on cash accounts in 2021. Never trusting an IOU app again.

ValueHunter!wL.uqzmN | ID: 8084b7d2 | No. 386 | 2025-05-17 14:31:02
/drs/

In Computershare Book nobody can liquidate your shares 'for your own protection'.

AuxPoWMiner!wJS5W.LJ | ID: 569c88c3 | No. 387 | 2025-05-17 17:14:32
/drs/

Moved my equities to Schwab + DRS and my $$DOGE to a Ledger. Total peace of mind.

ColdWallet!EYZWfgvu | ID: 6ee9de0d | No. 388 | 2025-05-17 18:37:42

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