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The original was posted on /r/Superstonk by /u/Coldsteel_BOP on 2024-11-02 13:22:49+00:00.

Can buy/sell/hold partial shares but is not a broker…interesting.

“Computershare has agreed to consent to the entry of an order, without admitting or denying the findings, in which the Commission finds that it violated Sections 15(a)(1) and 17A©(1) of the Exchange Act (“Commission Order”). With respect to Section 15(a)(1), the Commission finds that, since June 2000 to the present, Computershare has acted as a broker in connection with its administration of Stock Plans by engaging in the business of effecting securities transactions in these Stock Plans with U.S. resident investors. With respect to Section 17A©(1), the Commission finds that, from June 2000 through April 14, 2004, Computershare acted as a transfer agent, as defined by Section 3(a)(25) of the Exchange Act, for approximately 260 companies that have securities registered under Section 12 of the Exchange Act. At the time of this activity, Computershare was not registered as a broker or as a transfer agent as required by Sections 15(a)(1) and 17A©(1) of the Exchange Act, respectively. Effective April 14, 2004, Computershare registered with the Commission as a transfer agent. Computershare has not registered with the Commission as a broker. Pursuant to the Commission Order, Computershare will be censured and ordered, among other things, to cease-and-desist from future violations of Sections 15(a) and 17A of the Exchange Act.”

“In addition, each U.S. resident investor in Stock Plans administered by Computershare will be advised in writing, or electronically, that Computershare is not a registered U.S. broker and that securities held in program accounts are not subject to protection under the Securities Investor Protection Act of 1970. In connection with DRSPPs, each U.S. resident investor also will receive a DRSPP plan brochure, prepared by the issuer or its affiliate. Computershare will review the DRSPP plan brochures to confirm that they include a description of the DRSPP’s features, contractual terms, and fee and processing arrangements, but do not contain advice or recommendations concerning the purchase or sale of the issuer’s securities. The brochures may discuss the benefits of investing through the DRSPP plan itself. Computershare will not provide U.S. resident investors with any written materials encouraging individuals to engage in any particular transactions, whether purchases or sales, and Computershare will not offer advice or recommendations regarding the advisability of any investment in an issuer’s securities in any materials accompanying the issuer’s DRSPP plan brochure (or otherwise during the administration of Stock Plans). Computershare will not prepare or assist in the preparation of Employee Plan materials, and Computershare will not distribute Employee Plan materials to employees. Computershare will not prepare materials relating to odd-lot programs, but it may distribute such materials to employees. With respect to odd-lot program plan materials that Computershare distributes, Computershare will review the company’s materials to confirm that they include a description of the program, but do not contain advice or recommendations concerning the purchase or sale of the issuer’s securities, other than the benefits of participating in the odd lot program itself. Computershare will not make any recommendations with respect to participation in the odd lot program.”

SIPC - List of Members

So who is the SIPC licensed broker who is holding the shares, you have a right to ask and know.

Shares held by Computershare are typically held in an account (not Computershare) at a SIPC-member brokerage firm. The specific brokerage firm can vary depending on the investor’s account setup. To find out which SIPC-member brokerage is holding your shares, you can check your account statements or contact Computershare directly for more information.