EDIT: NEW POST HERE WITH MORE PROOF https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/

I respect your time, so let's get straight to it.

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I'm sure many of you have seen u/kitties-plus-titties posting this same comment across different threads. I did, and initially dismissed her claims until her persistence finally got me to try to help. Her intentions were good, but there are many ways to skin a cat.

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EDIT: Additional context https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit_to_ukittiesplustitties_ira_discussion/

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https://www.reddit.com/user/kitties-plus-titties/

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I'm also sure many of you have seen u/youniversawme 's post

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Statement from Ally

EDIT: NEW INFO FROM PCBSD2's new post

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Extracted from PCBSD2's post - markings are mine

This is u/youniversawme's TL;DR

TL;DR

Steps I took to DRS my IRAs:

Step 1: Open and transfer to a matching type IRA at Ally Invest (or Axos, or any other that agrees to be custodian for a DRS transfer)

EDIT: When asked to "enroll in the Securities Income program" or some crap -- read the fine print: it is asking if you want to make money LENDING YOUR SHARES. Check HELL NO ☑️

Step 2: Upload a LOI (Letter Of Instruction) with a bunch of info on it. Cost = $115.

EDIT: Here is a Letter of Instruction template made and shared by u/lucidfer based on my chicken scratched letter. It worked, and feel free to use it as needed!

DRS = Safe Zone. Computershare will protect the beneficial owner (me) from any attempted shady transactions of my shares via mail to me and allow me to override said shady transactions.

If you have issues with the custodians here, Apex or Axos, scroll back up and read that part. I did too, but CS pretty much put them at ease.

Step 3: When it's time to transfer out of DRS, lots of ways to do it, but the easiest (=upload 1 form), fastest (=1-2 days) and cheapest (=free) is to use the DRS Profile system through the broker of your choice, to wherever you want the shares to go.

For me, confirming that Step 3 was a game changer. Not so much to be able to transfer out to sell quickly, but to have the ability to easily transfer out my IRA shares to ANYWHERE I want them to go.

So who's correct? u/kitties-plus-titties? or u/youniversawme?

Let's find out!

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One thing to point out in the TL;DR

1. EDIT: When asked to "enroll in the Securities Income program" or some crap -- read the fine print: it is asking if you want to make money LENDING YOUR SHARES. Check HELL NO ☑️

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Why does them asking about this matter?

It means your IRA shares are registered under Ally's name! And with a switch, they can just turn on lending behind your back, just like Fidelity did.

Fidelity vs AER Advisors - https://www.supremecourt.gov/DocketPDF/19/19-347/115806/20190913171623872_AER%20Advisors%20Inc%20et%20al%20v%20Fidelity%20Brokerage%20Services%20LLC%20-%20Petition%20for%20Writ.pdf

But, but...It says DRS invoice #: 00000000000000, so it's DRS-ed and the shares are registered in your name!

Yes, I hear you. Aside from the shady invoice number you're given that I ask you to put on your thinking cap about for a sec, the statement is provided by Ally.

Why does the statement being provided by Ally matter?

Ally was one of those brokers that turned off the buy button back in January. Why do YOU think they can be trusted for what they tell you? What incentive do they have to convince you that the shares are DRS-ed in your name when they actually aren't? Simple. Share lending.

Okay, I don't trust you, this must be a FUD campaign by you shills to discourage us from transferring our IRA shares to ComputerShare!

Sure. You don't have to trust me and I'm not asking that you do.

So who can we trust to find out the truth?

I'm glad you asked. ComputerShare is the authoritative reference that everyone should fall back on with regards to direct registration of shares.

But, but, I eat crayons, I'm too smooth-brained and don't know what to ask them!

No worries, u/The_Kudzu got you covered. Here are some questions he specifically asked to get the answers he's looking for. Corrections are mine in [square brackets] for context. If you have better questions to ask, feel free to add in the comments and I'll edit them in the post.

1. For clarity, these [IRA shares registered via Apex as custodian] are direct registered shares in my name correct? (see answer in screenshot below)
2. In the case of a dividend being issued to custodial shares the dividend would be paid out through you to me, correct? (see answer in screenshot below)
3. As custodian does Apex have any ability to sell these shares, or am I the sole individual that can issue a sell request? (see answer in screenshot below)
4. EDIT: Are these shares removed from DTCC? Or are they still Beneficially Owned Shares and not Registered-Ownership Shares? (see ComputerShare Company Share Structure image below)
5. EDIT: Can my custodian lend out my shares with or without my permission?
6. EDIT: Are my self-directed IRA shares with Camaplan removed from Cede & Co and registered in my name as a registered shareholder in GameStop's ledger?

Possible Proof that your shares are NOT REMOVED from CEDE & CO

/u/The_Kudzu's due diligence with ComputerShare chat https://www.reddit.com/r/Superstonk/comments/rcxt3p/ira_drs_information_regarding_custodial/

Now go forth my fellow IRA apes and do your own due diligence like what u/The_Kudzu and u/kendie2 did here.

And I implore you to share evidence of your correspondence in this thread, link to a ComputerShare chatlog like u/The_Kudzu did, or a recorded voice call with ComputerShare, or even an email reply by ComputerShare.

For those planning to DRS via Camaplan, I suggest you verify the same with ComputerShare as well.

EDIT: Checkbook Control is another way of saying beneficial ownership

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This could be a TL;DR of sorts https://www.reddit.com/r/Superstonk/comments/q0mu9l/computershare_cs_now_has_a_diagram_that_shows/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

AFTERNOTE

But..But..ComputerShare doesn't want to entertain my questions!

Transfer ONE share over and ask them! That will give you skin in the game. A 1 share holder is still a shareholder as much as an XXXX share holder.

So I've verified your claims with ComputerShare, wut do? I can't DRS my IRA shares 😭?

u/Cextus has this to say:

I sent an email to gamestop IR, about enabling us to register SDIRA under CS... Let's see what they say.

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As for me, my hope is that if enough apes ask about it, GameStop will have their transfer agent enable this service for their shareholders and customers, fingers crossed.

Or just take the tax hit (early distribution) like u/Doom_Douche and a few others did, more info here, the key point: THE 10% PENALTY ONLY APPLIES TO YOUR GAINS AND NOT THE PRINCIPLE OR CONTRIBUTIONS. Or wait till Jan 2022 so the taxman only comes in 2023, giving you plenty of buffer to build up the funds to pay your taxes.

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Discussions on topic:

https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit_to_ukittiesplustitties_ira_discussion/hnua8qp/

https://www.reddit.com/r/Superstonk/comments/rco6gv/comment/hnyea9v/

https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit_to_ukittiesplustitties_ira_discussion/hnze0ho/?context=3

https://www.reddit.com/r/Superstonk/comments/rcqz41/news_dec_9_21/ho1zizw/?context=3

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All credit goes to:

u/kitties-plus-titties for her perseverance and strength of heart to go against the prevailing sentiment to get the information out to the rest of us smooth-brains.

u/The_Kudzu for entertaining my suggestions, and verifying and providing evidence from ComputerShare.

u/kendie02 and for entertaining my suggestions and trusting themselves to verify with ComputerShare.

u/Doom_Douche for sharing information on the 10% penalty on gains for IRA shares.

u/Toxsic99 for sharing his DD on ComputerShare

u/Jalatiphra for helping to share the information and lovingly chastised me for not creating a post to share such important information. :P

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P.S. Feel free to crosspost to other subs, I take no credit