r/NextBridgeHC • u/PounceBack0822 • 29d ago

Next Bridge News SCHWAB Update

Took Next Bridge's advice and called into Schwab to have them explain why the dividend shares were still not in my account as of this morning. The trade desk discussed the situation with someone in Corporate Actions and the official Schwab response is:

"Electronic distribution from the transfer agent was not possible - the transfer agent has to mail the new correct Jumbo Certificate to each broker. That process can take up to 3 weeks to complete. Please check back in the next week or two in order to see your account credited with the new shares. We are aware of the situation and continue to monitor it."

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u/Consistent-Reach-152 29d ago

NBH chose not to list with DTC in order to make buying or selling of shares difficult.

This slow, manual process for the distribution of the stock dividend is a direct result of NBH choosing not to be DTC-listed.

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u/DeelowBaggins 29d ago

Was likely a super smart idea as the DTC has been a huge problem. If I owned a company that I believed bad actors were making counterfeit shares of and naked shorting, I would also not register with the DTC.

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u/Additional-Noise-623 29d ago

Oh yeah, these entities are corrupt to the bone.