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Unless you directly register your stock through a DRS transfer to the issuing agent for the company. This agent manages stock issued to insiders and employees a
by weard_beard 3y ago
Unless you directly register your stock through a DRS transfer to the issuing agent for the company. This agent manages stock issued to insiders and employees as well but any stock holder can truly own their stock the same way the CEO of the company does. It’s a pain, takes forever, and brokers will play dumb and try to prevent it, but they legally must allow you.
Generally only worth it if you intend to hold your stock for some time (which you should)
- Scoundreller 3y agoAlso sometimes you can start them directly with a company (bypassing brokers entirely). Others will let you send a cheque and buy more. Informal communities exist to buy that first share from another individual so you can continue. Sometimes all at no charge. Was handier back when brokerage commissions were a thing (and a lot higher). Did this with GE a while ago (worked out for me!)