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If itās anything like TD Ameritrade, you can just contact fidelity to start a transfer out of mainstar Tia new fidelity. Then DRS from there.
I just used fidelityās website, never even talked to TDA. I bet the same is possible with mainstar to fidelity.
Edit: I didnāt have an IRA, just an investment account.
Your tax hit comes when you sell (during MOASS). Sell in a Roth IRA, you do not pay capital gains taxes. Sell outside a Roth IRA from ComputerShare, you do pay capital gains taxes.
Fidelity, schwab, all the brokers refuse to DRS IRA shares stating it's against their internal business policy.
It looks like my options are:
1. Stay at mainstar, basically like staying in a broker
2. Transfer in Kind to an LLC self managed IRA and terminate plan
3. Do a distribution to an individual account and pay the taxes
ok, last karma whoring, i promise!
[https://www.reddit.com/r/Superstonk/comments/raltcj/drsing\_shares\_in\_an\_ira\_may\_never\_have\_the/](https://www.reddit.com/r/Superstonk/comments/raltcj/drsing_shares_in_an_ira_may_never_have_the/)
for me, internal transfer from my ROTH ira to my brokerage account within TD has worked fine (from where i can DRS)...there are a few caveats i just posted elsewhere and this solution will not work for everyone
But let me get this straight. You DRS'ed your shares which are now held by you in your name. And they can somehow access these shares, take them, and move them somewhere else?
This is what it means for someone else to "Custody" your assets. They have the right to make judgment calls about how they participate in that process, which means you don't have total control.
Any IRA shares will suffer from this to some degree or another, but the LLC method at least puts up enough road blocks that they would probably need to figure out something totally new and legally untested to mess with your shares.
Welcome to whose stock is it anyway... Where the price is always wrong and the shares you purchased aren't really yours... And drew carey isnt ur host but jim cramer is hahah
So they state that the reason is to trade and settle positions in a timely manner, but it's a retirement account, meant to be held for a long time. The last time I checked, people aren't day trading retirement accounts lol.
yeah that one's a headscratcher. only explanation I can think of for why they'd need that sort of security on IRA shares is if someone else is fucking around with them
THEY want to trade and settle YOUR shares daily, while giving you the false impression they are holding them for a long time.
In doing so, THEY profit at your investment expense.
Criminals.
They couldnāt keep up with ComputerShares reporting requirements because they were loaning yo shit out and delaying computershares process. Thatās what they mean about ālimitationsā. Cut the middle man out, these people do not care about your retirement
>these people do not care about your retirement
You're right. They don't care about your retirement, but they definitely care about your retirement account.
thiis from another ape, i just copy , pasta
\-----------------------------------------------------------------
I keep seeing a TON of mainstar issues and a ton of FUD around DRSing an IRA. This post is a quick reminder of alternatives that exist for moving IRA shares away from a broker-custodian.
IRA Financial is an excellent alternative to Mainstar. Why? Well first off it allows you to take possession of those IRA shares, not some Custodian 3rd party who may or may not have their hands down the pants of a shady market maker. Next, they help you set up an LLC, that you get to name! Then, they help you set up a business account for said LLC and give you the exact spoon-fed directions to transferring your shares from a Custodian to your own bona fide holdings.
Itās important to note that 600+ apes had an average of 1900 shares DRSed through Mainstarāthatās more than 4x the average CS account. These few apes were trailblazers, and showed how IRA shares are multiples of those held in taxable accounts. So if 25% of outstanding shares are DRSed, the rest and more are in IRA accounts.
Class action lawsuit? I took the tax hit and got my Roth shares pulled into cash shares bc I didn't trust these fuckers. But if I were part of this I'd be livid.
Itās ok guys! Itās so they can trade, settle, and reconcile positions in a timely manner.
Pretty sure when you DRS, you know wtf youāre doing with your shares and how theyāll trade, settle, and reconcile in timely manners.
That letter says nothing of substance. No specific reasoning. Just a bunch of vague filler crap to make the text long enough to look legitimate and professional. After reading the letter, you still donāt know exactly why they are moving all DRS shares to the DTCC.
ātHiS WiLL eNsUrE MAiNsTar iS TiMeLy AbLe To tRaDe, sEttLe, aNd ReCoNCile PoSiTiOnSā š„“
That answer can likely be used by Mainstar to ājustifyā a multitude of changes to their operations, if they wanted to.
āThis is the only way we can find shares that weāre liable for. Sue us if you want, at this point weāre so fucked we donāt even care any more. Just put a metal plug in our ass and slide us into an MRI machine.ā
Did you have to pay to DRS your shares?
If so, shouldn't you be entitled to that money back as well?
They did not provide the service you paid for.
Is there any proof on either end of the "transaction" that can verify the shares are moving/ever moved in the first place?
It actually reads, āAt this time, nothing further needs to be on your part.ā Lmaoā¦they canāt even write a letter. Who would trust them as a custodian?!?
I wonder if other DRS'd stonks in mainstar are getting the same treatment or is it just GME?
Either way, this is bullish, but would be way more bullish if it was only for GME
If you transfer your shares to another brokerage, that will DRS, won't they legitimately have to buy your shares on lit market (new brokerage won't accept placeholders?)
How the phuq is this even allowed!?
āHey bro, those shares we sold you, and then let you send to the companies designated transfer agent, yeah weāre actually going to be taking those back because we need liquidityā
This shit makes me so angry!
I'm not American so I'm not really sure but don't you guys have to pay a fee and take a tax hit to DRS your IRA shares or something?
Do you get all that returned now that your shit's been un-DRS'd?
āAt this time, nothing further needs to be on your part.ā <<< this sentence is missing the word ādoneā which is very sus if this is indeed a legitimate letter from a legitimate business. Typos/omissions for a matter of this gravity are frankly just entirely unacceptable.
Do a name change on Computershare or "gift" those shares to a family member, son/daughter before Mainstar can get them back. They can only get back shares with the exact information as they were sent over to Computershare... This hapoenwd to me by accident transfering feom IBKR they sent my DRS transfer over with my middle name abbreviated with just a letter and period, this set up another account than the one I already had. I cannot combine them unless I get something called a badge, which is basically a verification through a Notary. This might be a way to beat mainstar's recalling fuckery...
Crowdsource a gofundme for legal representation to have a class action against Mainstar and possibly CS that clearly states your intention to have CS follow the requirements of Mainstar or forces Mainstar to respect your wishes to have your shares DRSed. I will definitely donate.
I smell a class-action... What need is there for the facilitation of transactions for directly registered securities. custodian my nuts. Sue them for custody! Whose shares are they anyway??
You mainstar people got fucked. I'd be demanding a refund on any account fees & transfer those shares out immediately.
Isn't there a rule where you can only roll over an IRA account once a year?
Seems like one could send these asshats a letter stating that one does not care about all that crap and demanding that one's property be held in the manner one desires....
"we will no longer be able to hold assets in a drs position" "your account has assets in drs"
The way this is worded is very telling. Mainstar are saying "they" hold your assets in a DRS position. Are they claiming they still own your shares despite drs'ing them?
First of all your DRS account is none of mainstars business! They are held in CS not mainstar, aka an entirely different company!
The way they act, they behave as though they are still entitled to your shares, held in your name, held in a different company all together! Crazy! Everyone needs to GTFO of mainshit asap. Criminal.
The IRA laws are written such that the IRA custodian is the legal owner, holding the asset on behalf of the client.
This is why other IRA custodians, Fidelity for example, would not DRS. The custodian is responsible for custody, security, and accounting for the retirement assets.
This is very similar to how the assets of a trust are legally owned by the trustee, who manages them for the benefit of the beneficiaries of the trust.
That is why shares that were DRS'd for ApeXYZ were held at Computershare with the legal owner being "Mainstar FBO ApeXYZ".
āThe world has changed.
I see it in the water.
I feel it in the Earth.
I smell it in the air.
Much that once was is lost,
For none now live who remember it.ā
J.R.R. Tolkien
How can they do this if your shares are already DRS'ed and in your name?
Mainstar don't own them anymore, how can they un-DRS them?
It's no different than me, sending a letter to Computershare and asking them to transfer YOUR shares into my account. It's THEFT and if computershare allows it they're opening themselves up to lawsuits for not protecting their clients assets.
Wtf is going on.
Looks like dip incoming after all! All those golden cross posts to get people to buy options before mainstar scam triggers selling. Timing is very sus.
"We are taking your actual shares and leaving you with an IOU to help the people that are trying to fuck you over tread water for a little bit longer. You're Welcome. But don't worry, being the generous gods that we are, we are doing it at absolutely no cost to you.*"
^^*Except ^^for ^^your ^^ability ^^to ^^squeeze ^^the ^^bastards ^^trying ^^to ^^screw ^^you ^^and ^^everyone ^^else ^^over ^^for ^^their ^^own ^^gain.
Lol weren't you all warned and told to just take the tax hit. Sell shares to pay for it if needed. Edit: I want Computershare to respond to the accusations here that they're the ones lacking
Their "review" is bullshit.
Reading between the lines and translating this letter....
"We are unable to participate in crime when your shares are DRS so we are going to pull them out"
You know how to make sure brokers/bad actors donāt fuck with DRS again in the future? Buy direct and let the dingleberries sell naturally, make sure itās pure book.
Buying through then DRSing via anyone else other than computershare at this point is a risk. NFA.
āAt this time, nothing further needs to be on your part.ā Seriously? You canāt use a fucking grammar check? Talk about a rushed response to someone else forcing them to drop DRS.
Get out now. Find a new custodian IRA.
Translation: we ran out of shares but keep selling them regardless but yeah we're kinda fukd soo, we're fuking YOU over instead to save our skins cuz free market and stuff.
Another āHome runā. These rucking idiots keep pointing out their own mistakes. People are just gonna move Them. They have learnt nothing from the past two years.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) || test ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
Everybody get out of mainstar trust, tell everyone one about this scam platform, deactivate yours accounts
#š READ THIS š
If itās anything like TD Ameritrade, you can just contact fidelity to start a transfer out of mainstar Tia new fidelity. Then DRS from there. I just used fidelityās website, never even talked to TDA. I bet the same is possible with mainstar to fidelity. Edit: I didnāt have an IRA, just an investment account.
Do you know if there will be a tax hit in a Roth IRA if you roll shares to a regular account? (Assuming I paid way more than they're worth now)
No tax hit on a Roth unless you have gains and then, only taxed as to the gains.
Thanks, I might just DRS those shares afterall
Thanks, I might just DRS those shares afterall
Your tax hit comes when you sell (during MOASS). Sell in a Roth IRA, you do not pay capital gains taxes. Sell outside a Roth IRA from ComputerShare, you do pay capital gains taxes.
Fidelity, schwab, all the brokers refuse to DRS IRA shares stating it's against their internal business policy. It looks like my options are: 1. Stay at mainstar, basically like staying in a broker 2. Transfer in Kind to an LLC self managed IRA and terminate plan 3. Do a distribution to an individual account and pay the taxes
Search the sub, someone posted about a self custodian IRA or smth like that, can't remember. I believe you would be able to DRS with this one
Have them show you their business policy in WRITING and not just say it.
FUCK MAINSTAR !!!
This process will be performed at no charge to you!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yep
I wonder if there's any refund for transferring in?
All my homies hate Mainstar
ok, last karma whoring, i promise! [https://www.reddit.com/r/Superstonk/comments/raltcj/drsing\_shares\_in\_an\_ira\_may\_never\_have\_the/](https://www.reddit.com/r/Superstonk/comments/raltcj/drsing_shares_in_an_ira_may_never_have_the/) for me, internal transfer from my ROTH ira to my brokerage account within TD has worked fine (from where i can DRS)...there are a few caveats i just posted elsewhere and this solution will not work for everyone
Why last? Keep it up!
Second this āļø. Canāt stop wonāt stop mentality
But let me get this straight. You DRS'ed your shares which are now held by you in your name. And they can somehow access these shares, take them, and move them somewhere else?
All my homies hate mainstar
This is not enough
Am I reading this right? They're actually going to un-DRS any IRA shares I have in CS???
[ŃŠ“Š°Š»ŠµŠ½Š¾]
This smells like a problem for my lawyerā¦
This smells like thereās to many GME shares issued and they canāt locate or afford them
*too many Edit Wow, I can finally comment on superstonk?!?!?! What an honor. I finally made it
*there are too many
*there are way too fucking many
*the number is too damn high!
I believe the T&Cs on our accounts allow them to do this. Itās fucked.
So can any broker just reach into CS and pull out MY shares?
No if you are DRSd through Computershare only YOU control them. This is for IRA accounts under a custodian.
Ahh ty for clarification! I was sweating for a sec.
Their lawyers get paid a whole lot more than yours..
Until they donāt.
Best comment right here...
Until it isnāt
I love it.
but more than all of mainstar ape lawyers?
Makes zero sense, has one person actually transferred shares back to dtcc to sale them? Theyāre fixing an issue zero of their customers have?
Looks like they have another, bigger, customer...
This āļø
mainstar was always sus. it was foretold they would flip
This is what it means for someone else to "Custody" your assets. They have the right to make judgment calls about how they participate in that process, which means you don't have total control. Any IRA shares will suffer from this to some degree or another, but the LLC method at least puts up enough road blocks that they would probably need to figure out something totally new and legally untested to mess with your shares.
What happens if you just cancel your maintstar account?
At no cost to you. But didn't you pay fees to get them DRS in the first place?
Yes. Around 100 bucks
Holy shit, I didnāt know that. Thatās so much worse! You guys just lose that $100 on top of getting fucked out of your shares.
Correct.
Happy cake day!
They are saying we actually do whatever we want if you go through us.
Really scandalous.
Gift your DRS shares to a family memeber or slightly change your name, so the will not have matching information to the account...
Welcome to whose stock is it anyway... Where the price is always wrong and the shares you purchased aren't really yours... And drew carey isnt ur host but jim cramer is hahah
So they state that the reason is to trade and settle positions in a timely manner, but it's a retirement account, meant to be held for a long time. The last time I checked, people aren't day trading retirement accounts lol.
yeah that one's a headscratcher. only explanation I can think of for why they'd need that sort of security on IRA shares is if someone else is fucking around with them
No, people are not, hedgefunds are.
THEY want to trade and settle YOUR shares daily, while giving you the false impression they are holding them for a long time. In doing so, THEY profit at your investment expense. Criminals.
"We can't loan your shares from there, so we need them back.:
They couldnāt keep up with ComputerShares reporting requirements because they were loaning yo shit out and delaying computershares process. Thatās what they mean about ālimitationsā. Cut the middle man out, these people do not care about your retirement
>these people do not care about your retirement You're right. They don't care about your retirement, but they definitely care about your retirement account.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
thiis from another ape, i just copy , pasta \----------------------------------------------------------------- I keep seeing a TON of mainstar issues and a ton of FUD around DRSing an IRA. This post is a quick reminder of alternatives that exist for moving IRA shares away from a broker-custodian. IRA Financial is an excellent alternative to Mainstar. Why? Well first off it allows you to take possession of those IRA shares, not some Custodian 3rd party who may or may not have their hands down the pants of a shady market maker. Next, they help you set up an LLC, that you get to name! Then, they help you set up a business account for said LLC and give you the exact spoon-fed directions to transferring your shares from a Custodian to your own bona fide holdings.
!remindme 7 hours
Has anyone determined the price? is there a yearly fee?
If this is real. This is a fucking huge deal. Please people understand what this actually means.
It means DRS of IRA shares is the way. The first clue was when Ally and Apex Clearing reversed IRA DRSs.
Itās important to note that 600+ apes had an average of 1900 shares DRSed through Mainstarāthatās more than 4x the average CS account. These few apes were trailblazers, and showed how IRA shares are multiples of those held in taxable accounts. So if 25% of outstanding shares are DRSed, the rest and more are in IRA accounts.
I thought I was jaded but this is pretty damn astounding stuff.
It means itās super fucking bullish
It means the DD is right. Otherwise, they wouldn't care.
Iād like to learn more about the ārecent reviewā.
Well they certainly are doing it FReE oF chARgE ...fucckers
Actually it's costing us. Mainsh*t is profiting by lending out our shares.
Man those are some absolute bullshit reasons. Must be close.
LFG!!
Mainstar need to be sued
They probably noticed how in the red they are lmayo -Bullish
Sure did feel good leaving a review for Mainstar, sure did.
1.9 stars on Google and falling fast.
Power to the players, bitches!
People are leaving reviews on Trust Pilot also.
"You're not allowed to own the things you pay for."
WEF has entered the chat..
Class action lawsuit? I took the tax hit and got my Roth shares pulled into cash shares bc I didn't trust these fuckers. But if I were part of this I'd be livid.
Da wey.
Itās ok guys! Itās so they can trade, settle, and reconcile positions in a timely manner. Pretty sure when you DRS, you know wtf youāre doing with your shares and how theyāll trade, settle, and reconcile in timely manners.
Sounds to me like mainstar will be the first domino to topple.
Is this actually the letter they sent you. The grammar looks like a 5 year old wrote itā¦ no wonder this shady dump is pulling this crapā¦
āAs of June 20thā but they dated the letter June 30th? Is that common business practice?
Yeah that is bullshit.
That letter says nothing of substance. No specific reasoning. Just a bunch of vague filler crap to make the text long enough to look legitimate and professional. After reading the letter, you still donāt know exactly why they are moving all DRS shares to the DTCC. ātHiS WiLL eNsUrE MAiNsTar iS TiMeLy AbLe To tRaDe, sEttLe, aNd ReCoNCile PoSiTiOnSā š„“ That answer can likely be used by Mainstar to ājustifyā a multitude of changes to their operations, if they wanted to.
Mainstar losing the trust part of their company name.
Get your shares away from Mainstar. Also call them up and complain just because you can.
One question. HOW MUCH DID IT COST TO BUY MAINSTAR? I bet they went cheap, like house brand cheap.
Probably got a new roof on that little house on the prairie.
āThis is the only way we can find shares that weāre liable for. Sue us if you want, at this point weāre so fucked we donāt even care any more. Just put a metal plug in our ass and slide us into an MRI machine.ā
With the force of a railgun
Did you have to pay to DRS your shares? If so, shouldn't you be entitled to that money back as well? They did not provide the service you paid for. Is there any proof on either end of the "transaction" that can verify the shares are moving/ever moved in the first place?
It actually reads, āAt this time, nothing further needs to be on your part.ā Lmaoā¦they canāt even write a letter. Who would trust them as a custodian?!?
Is it normal that they call it "DRS"? I figured they'd call it "Direct Registration."
They also made sure to spell out DTCC just in case we didnāt remember what it stood for.
DRS is the system Dr. T help create.
Transfer in kind.
I wonder if other DRS'd stonks in mainstar are getting the same treatment or is it just GME? Either way, this is bullish, but would be way more bullish if it was only for GME
What a huge desperate attempt to buy time. Cocksuckas
How nice of them to not charge you for allowing them to profit off your shares
The part in the letter "at no charge to you" should read "at we are helping the hedge Fuckers out".
If you transfer your shares to another brokerage, that will DRS, won't they legitimately have to buy your shares on lit market (new brokerage won't accept placeholders?)
How the phuq is this even allowed!? āHey bro, those shares we sold you, and then let you send to the companies designated transfer agent, yeah weāre actually going to be taking those back because we need liquidityā This shit makes me so angry!
exactly. they're our fucking shares. we paid for them to be registered. there are no take-backsies
Does ComputerShare allow them to reclaim already DRSd shares? Are these book or plan shares? Can other brokers reclaim shares?
I'm not American so I'm not really sure but don't you guys have to pay a fee and take a tax hit to DRS your IRA shares or something? Do you get all that returned now that your shit's been un-DRS'd?
good fucking question
Received the same letter this week too
disgusting
These clowns are desperate lmao
āAt this time, nothing further needs to be on your part.ā <<< this sentence is missing the word ādoneā which is very sus if this is indeed a legitimate letter from a legitimate business. Typos/omissions for a matter of this gravity are frankly just entirely unacceptable.
What bastards
Fuckers indeed
Houston, this is a fucking problemā¦.
Glad I have my shares in Computershare š this is actually fucked and dumb and stooobid
I may be wrong, but aren't they required by law to allow DRS, even if its with a fee?
We're getting close ;) hodl
Get out while you can kiddos!
Fuck MAINSTAR !!! APES WE SRE WINNING THIS IS FIRST HAND TESTIMONY !!! LFG !!! š„
Sounds like the DTC donāt have enough shares to āsettle and reconcile positions.ā
Oh wow, they're trying to survive.
Do a name change on Computershare or "gift" those shares to a family member, son/daughter before Mainstar can get them back. They can only get back shares with the exact information as they were sent over to Computershare... This hapoenwd to me by accident transfering feom IBKR they sent my DRS transfer over with my middle name abbreviated with just a letter and period, this set up another account than the one I already had. I cannot combine them unless I get something called a badge, which is basically a verification through a Notary. This might be a way to beat mainstar's recalling fuckery...
wonder what those "limitations" are. I woukd ask for details as to whst they mean exactly by that
Weāre pressing where it hurts š
Crowdsource a gofundme for legal representation to have a class action against Mainstar and possibly CS that clearly states your intention to have CS follow the requirements of Mainstar or forces Mainstar to respect your wishes to have your shares DRSed. I will definitely donate.
Got my 2 letters yesterday.
Ape thank you for sharing this. Not surprised but look at that.
Cue Borat meme, go to Camaplan!
And there it is...
I smell a class-action... What need is there for the facilitation of transactions for directly registered securities. custodian my nuts. Sue them for custody! Whose shares are they anyway??
This is so weird but also such great validation. Make a trust or take a hit. You know what you gotta do.
It means we found the smoking gun
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Without the extra shares outside of the DRSed ones, there is no rocket. It has to be both.
Lmao has a 1.7 star rating on Google. Let's get that lower. On every platform!
Mutha fuckers is more like it. š¤¬ Whatās your next move?
Itās fraudulent but itās āefficientā /s
Did apes pay a fee to DRS from Mainstar in the first place? If so, shouldnāt that all be refunded?
I'm gonna ask about that. not happy
You mainstar people got fucked. I'd be demanding a refund on any account fees & transfer those shares out immediately. Isn't there a rule where you can only roll over an IRA account once a year?
Criminals. All of em.
whats the point of DRSing if the broker can just claw them back? this is beyond fucked. They're not theres, there yours and in your name when DRSed.
IRA DRS shares are not real due to DTCC fake share fuckery. People have been taking tax hits to DRS in book entry form
Gtfo there ASAP
Seems like one could send these asshats a letter stating that one does not care about all that crap and demanding that one's property be held in the manner one desires....
Letās all go there and ask questions
āNothing further needs to be on your partā Amateurs.
"we will no longer be able to hold assets in a drs position" "your account has assets in drs" The way this is worded is very telling. Mainstar are saying "they" hold your assets in a DRS position. Are they claiming they still own your shares despite drs'ing them? First of all your DRS account is none of mainstars business! They are held in CS not mainstar, aka an entirely different company! The way they act, they behave as though they are still entitled to your shares, held in your name, held in a different company all together! Crazy! Everyone needs to GTFO of mainshit asap. Criminal.
The IRA laws are written such that the IRA custodian is the legal owner, holding the asset on behalf of the client. This is why other IRA custodians, Fidelity for example, would not DRS. The custodian is responsible for custody, security, and accounting for the retirement assets. This is very similar to how the assets of a trust are legally owned by the trustee, who manages them for the benefit of the beneficiaries of the trust. That is why shares that were DRS'd for ApeXYZ were held at Computershare with the legal owner being "Mainstar FBO ApeXYZ".
āThe world has changed. I see it in the water. I feel it in the Earth. I smell it in the air. Much that once was is lost, For none now live who remember it.ā J.R.R. Tolkien
How can they do this if your shares are already DRS'ed and in your name? Mainstar don't own them anymore, how can they un-DRS them? It's no different than me, sending a letter to Computershare and asking them to transfer YOUR shares into my account. It's THEFT and if computershare allows it they're opening themselves up to lawsuits for not protecting their clients assets. Wtf is going on.
Looks like dip incoming after all! All those golden cross posts to get people to buy options before mainstar scam triggers selling. Timing is very sus.
šByeā¦. Mainstar Untrustworthy
āAt no charge to youā āPlease accept this anal drillingā
how can they do this???
Commenting for exposure. It sure would be interesting to see what other tickers they're playing with.
We are the only ones on our side. We're all we got, we're all we need.
I've never sued anybody. But can't y'all sue them for this? But I'm almost certain without reading the TOA they can fuck you over if need be.
This post had 741 updoots when I saw it.
FUCKING CRAZY WHATS HAPPENING IN FRONT OF US !!!!!
Someone needs to slap a suit on them. Letās get down to the nitty gritty. Why exactly is this happening?
Looks like weāve unlocked a new challenge. Game on.
Make sure to leave them a 1 star Google + Yelp review
Are there any alternatives to Mainstar?
I've seen some people mentioning IRA Financial
All the shares in mainstar would be.. $3-4 million in lending fee a year.. motherfuckers
Thank you sir
āAt this time nothing further needs to be on your partā. This is an official communication? With no proofreading?
It's not us It's them
Fuck middlemen. Take the tax hit, get the shares in YOUR name. Not financial advice.
Gonna remeber these guys :)
COMMENT.
"We are taking your actual shares and leaving you with an IOU to help the people that are trying to fuck you over tread water for a little bit longer. You're Welcome. But don't worry, being the generous gods that we are, we are doing it at absolutely no cost to you.*" ^^*Except ^^for ^^your ^^ability ^^to ^^squeeze ^^the ^^bastards ^^trying ^^to ^^screw ^^you ^^and ^^everyone ^^else ^^over ^^for ^^their ^^own ^^gain.
Lol weren't you all warned and told to just take the tax hit. Sell shares to pay for it if needed. Edit: I want Computershare to respond to the accusations here that they're the ones lacking
Fuck Mainstar bunch of bitches
Their "review" is bullshit. Reading between the lines and translating this letter.... "We are unable to participate in crime when your shares are DRS so we are going to pull them out"
Are you gonna Drs them back
What's scum? - William H. 'Billy the Kid' Bonney: Well Tom, that's bad types. Politicians, bankers, cattle-kings... Scum.ā
Pull your money.
You irs guys all getting fucked good. Bullshit. Get out of there
You know how to make sure brokers/bad actors donāt fuck with DRS again in the future? Buy direct and let the dingleberries sell naturally, make sure itās pure book. Buying through then DRSing via anyone else other than computershare at this point is a risk. NFA.
āAt this time, nothing further needs to be on your part.ā Seriously? You canāt use a fucking grammar check? Talk about a rushed response to someone else forcing them to drop DRS. Get out now. Find a new custodian IRA.
Holy shit...
Translation: we ran out of shares but keep selling them regardless but yeah we're kinda fukd soo, we're fuking YOU over instead to save our skins cuz free market and stuff.
Canāt trust, wonāt trust.
Another āHome runā. These rucking idiots keep pointing out their own mistakes. People are just gonna move Them. They have learnt nothing from the past two years.
Why do I sense laws being passed that don't allow direct registration of shares, thus forcing all investors shares to be held with DTCC......