Yes, you are right, those shares would need to already be settled to be transferred away from a brokerage using DTCC to another brokerage. So I guess while the DTCC restriction is in place, anyone who is using ST/ETrade/TDAmeri with unsettled shares will not be allowed to transfer them?! Sucks.
Anyone here who happens to have one of those three brokerages but who has settled shares of SFIO? I wonder. I guess that would be the only kind of holder who would successfully be able to transfer to Fidelity.
Interesting, I did not know that Fidelity uses DTCC, thanks for the DD. I guess Fidelity has certain extra resources for custody which is why they are still allowing their clients to trade SFIO (?).
cheers
$SFIO!
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