You know the 4-6 weeks time frame is just bullshit time to buy them MORE time to blow YOU off – so you don’t start asking the right questions?
The shares don’t exist and if they did it should settle before a 3-day window – however they have fraud at their front door that they are trying to not admit.
I bought shares back months ago and it took not even a full 24 hours to transfer. You’re being fed excuses. They’re not actually locating any shares as real shares that exist with institutions are not wanting to let go of them – so you’re being pushed aside for 4-6 weeks while they figure it out; [speculation] which is probably when the crash is scheduled [/speculation].
This is what needs to be brought to attention immediately – not to Reddit – but this is literally the ignition switch that brokerages are trying to hide right now – BY BLOWING YOU OFF WITH TIME FRAME WINDOWS!!
If they cannot furnish your shares then this becomes immediate securities fraud if the asset cannot be located / purchased from the remaining institution holders.
Do not give them more time to find it! Create noise; start demanding answers! It does not take weeks to make an electronic name change!
TD Canada is saying it’s now 15-25days and they assured me that they can locate the shares. Hmmmm 🤔🤔
They just admitted that they do not own the security that you paid for. That is fraud.
Your security should already be settled in your account – but because you have beneficiary rights to it through a Wall Street broker – they can legally lend them out anyway and make more money off of your asset; whether you’re margin or cash account.
This is the fraud that is Wall Street. This is why DTCC is a competitor to Direct Registration of Shares (ComputerShare). For as long as you use Wall Street brokerage firms; you are consenting (without knowing) this fact – that your shares will be used (and abused) for naked shorting as they see fit – to enable (or disable) companies from existing as THEY see fit.
Wall Street and its brokerages are SILENT! They DO NOT want this knowledge getting out and known publicly.
Edit #2 : Funny how 4-6 weeks puts finalization of transfer just after final approval of the NSCC regulation permitting SHFs to use long stocks as collateral for margin call loans