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The mod team seriously needs to look into all the bans for people who have spoken out about Book vs Plan over these 200+ days of it being a subject.
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The original was posted on /r/Superstonk by /u/pigUw on 2023-07-17 20:37:32.
Now that SEC bulletin confirms that shares need to be Book to be fully yours, not Plan.
- Purchases made through the issuer (or its transfer agent) of securities you intend to hold in DRS are usually executed under the guidelines of an issuer’s stock purchase plan, which uses a broker-dealer to execute the orders. Thus, to hold in DRS once the securities are acquired, you would need to instruct the transfer agent to move the securities from the issuer plan to DRS.