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UK Ape: Can't DRS out of tax wrapped ISA account. Am I cooked? (Letter from broker)
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Dear *My Name*

Thank you for your secure message "Re: Verification Request for GameStop ($GME) Share Ownership and Authenticity".

Your shares on the HL platform are held electronically in our client nominee account in nominee (electronic) form for your benefit and are not in certificated form.

Your shares will be held in our non-trading subsidiary, or Nominee Company. Even though the shares are held in our name as nominee you remain the beneficial owner and have rights over the shares.

As a nominee we do not hold the stock in a bank, the stock is held in CREST depository under Hargreaves Lansdown Nominees Limited.

Stock you hold with us is held in the name of or to the order of Hargreaves Lansdown Nominees Limited, or by an approved third party custodian. Hargreaves Lansdown Nominees Limited is a non-trading company so it cannot run up liabilities of its own and Hargreaves Lansdown accepts full liability for any default by our nominee company. We maintain detailed records of all your investments and assets for which you will at all times remain the beneficial owner.

We do not lend stock held in the HL Service.

Kind regards

*Support Agent*
Hargreaves Lansdown

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Posted
4 months ago