Does West Coast Stock Transfer have an insurance provider that we can use?
West Coast Stock Transfer includes their client’s lost certificate(s) under their insurance provider, Travelers Casualty and Surety Company of America.
What is DTC?
The Depository Trust Company (DTC) is one of the world’s largest securities depositories. The DTC, which was founded in 1973 and is based in New York City, is organized as a limited purpose trust company and provides safekeeping through electronic recordkeeping of securities balances. It also acts like a clearinghouse to process and settle trades in corporate and municipal securities.
What is Cede and Company?
Cede and Company, also known as “Cede and Co.” or “Cede & Co.”, is an organization formed for the purpose of efficiently processing transfers of stock certificates on behalf of Depository Trust Company, the central securities depository used by the United States National Market System, which includes the New York Stock Exchange, Nasdaq, and other exchanges together with associated clearinghouses such as NSCC, FICC, DTCC, and others. Cede technically owns substantially all of the publicly issued stock in the United States. Thus, investors do not themselves hold direct property rights in stock, but rather have contractual rights that are part of a chain of contractual rights involving Cede.
What is a CUSIP number?
The CUSIP number is a unique identification number assigned to all stocks and registered bonds in the U.S. and Canada, and it is used to create a concrete distinction between securities that are traded on public markets. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Foreign securities have a similar number called the CINS number.
How do I apply for DTC FAST or DWAC?
West Coast Stock Transfer will submit an application on the issuer’s behalf to DTC.
Are there any IRS penalties if cost basis reporting information is not provided?
Issuers should consult their tax advisors to ensure they understand tax legislation and potential IRS penalties.
How can I obtain general information regarding my account?
You may obtain general information regarding your account by contacting us or signing into your account under the Login tab at the top of our website.