Direct Registration of Stock (DRS)
When you purchase stocks with Cash App Investing, all shares are automatically registered in street name. To learn more about what that means, feel free to check out this article.
Alternatively, you may be able to register your purchased stock directly with its issuer. This is known as “Direct Registration”.
If you are able to directly register your stock, these shares will be registered in your name and held by the company that issued the stock (or its transfer agent), instead of Cash App Investing.
If your shares are able to be directly registered, there are a few things you should be aware of:
- Once a transfer begins processing, you will not be able to sell any stock that is being transferred. Once the transfer is complete, you will be able to transact normally in your brokerage account.
- Directly registered shares will no longer appear in your Cash App portfolio.
- You will no longer be able to transact with your directly registered shares in Cash App. To transact with your directly registered shares, you will need to reach out to the transfer agent or receiving firm where the shares are registered.
- Only whole shares can be directly registered. Any fractional shares will remain in your Cash App Investing account and will continue to be held in street name.
At this time, Cash App Investing does not charge for direct registration of shares. Cash App does not guarantee that your shares can be directly registered.
To request that your shares are directly registered, you will need to reach out to Cash App Support through the app or at https://cash.app/contact.
Cash App Investing is a self-directed service; you are solely responsible for orders placed through your account. Cash App Investing does not provide investment advice or recommendations. Investing involves risk and you may lose money. Review the Disclosure Library for more on the risks involved with investing. Brokerage services provided by Cash App Investing LLC, member FINRA/SIPC.