I see what you're sayinig. You'd have to ask Fidelity if they're internalizing from their own stash or seeking shares at market from outside inventory. I don't think anyone here has any kind of way to get that info unless you ask them, and I don't know if it's in their purview to disclose that. Worth a call and ask though. It's actually a good question.
Your post is all over. So fidelity had a stash prior to and during the first migration. Anyone who transferred, had to be provided a share by the originating broker, or fidelity could go to market at said brokers expense.
If you're bothered enough to post about this on the internets, go and research (i.e. search & READ) how these DTC, DRS, Cede&Co, etc. mechanisms work, instead of posting nonsensical tinfoil theories that add nothing of value to the community.
Please help us determine if this post deserves a place on
Impossible because you can confirm that the shares are at CS.
Yep. CS doesn't accept synths/IOUs.
No fidelity isn't internalizing the shares. Computershare gives you a statement. Two seperate entities
No
LOL how do you internalise pulling shares out of the DTCC via DRS?
No because the shares are in your CS account.
Buy through IEX first, DRS with CS afterwards.
Or simply buy directly from Computershare 🤷♂️
I see what you're sayinig. You'd have to ask Fidelity if they're internalizing from their own stash or seeking shares at market from outside inventory. I don't think anyone here has any kind of way to get that info unless you ask them, and I don't know if it's in their purview to disclose that. Worth a call and ask though. It's actually a good question.
Your post is all over. So fidelity had a stash prior to and during the first migration. Anyone who transferred, had to be provided a share by the originating broker, or fidelity could go to market at said brokers expense.
If they have 7-9 million shares just drs 10 million shares to find out
If you're bothered enough to post about this on the internets, go and research (i.e. search & READ) how these DTC, DRS, Cede&Co, etc. mechanisms work, instead of posting nonsensical tinfoil theories that add nothing of value to the community.