this post was submitted on 22 Jul 2023
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DRS Your GME

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[–] IntwadHelck@lemmy.whynotdrs.org 1 points 2 years ago

Here’s some good info regarding the plan for more and more control, part of why the DTC began in the first place come early 70’s…pages 17-20 help show something I’ve been squeaking about for a while: it’s no coincidence the wealth gap takes off exponentially come the 80’s…..once the institutions centralized and gained control over….everything….they could really start their shenanigans: https://books.google.com/books?id=xyzEiM1WVnYC&pg=PA12#v=onepage&q&f=false

It really is that simple, isn't it?

(I guess 401(k) becoming actually promoted by law helped too)

[–] Milksteaks@midwest.social 0 points 2 years ago (1 children)

How can you DRS your retirement account shares now that mainstar decided not to be a custodian anymore?

[–] Chives@lemmy.whynotdrs.org 1 points 2 years ago

I touch on it lightly in this post: https://lemmy.whynotdrs.org/post/11801

Basically, though, there are a few routes forward - and likely the best and most consistent option will be to open an LLC and choose to custodian your own IRA through that LLC. With that setup, you would never need to worry about the custodian changing policy in the way that Apex or Mainstar have - since the custodian LLC would also be you.