BNY

Eazy-Eid

Sure... Fidelity: As of January 2026, the Fidelity Wise Origin Bitcoin Fund (FBTC) holds 194,497.7 BTC. BlackRock: As of 2026, BlackRock holds approximately 778,000 BTC through its spot ETF (IBIT). BNY Mellon: Reported $321 million in crypto-related investments as of 2021, and actively acts as a custodian for Bitcoin ETFs and stablecoin reserves. Goldman Sachs: Held roughly $204 million in crypto/blockchain investments (as of 2021) and is active in Bitcoin ETF markets. JPMorgan Chase: Actively launching initiatives in tokenized deposits and testing stablecoin services.

Valkorion335786

I bought 100 shares of $BK because I love fast food and like Burger King What the fuck is BNY Mellon

cryptohorn

My BNY puts got cucked

IDIUININ

I'm getting disgustingly bullish about this. Amassing ETHMW. There's something about Securitze Tokenize Collateralized BNY that gets me rock hard...

zbern

Looks like QQQ got restructured from a UIT to an open-ended fund. Lowered the expense ratio by 2 basis points. Seems they are gonna be able to track the index better for slightly higher performance. The biggest advantage is to Invesco themselves where they can do securities lending for additional revenue rather than just focusing on marketing and expenses to manage the fund. BNY as the former trustee isn't getting kicked out but they definitely won't be making as much as before I'm betting.

Lalalla

Unless you get a Russian citizenship those ADRs aren't going to be converted. Also you have to know the time period of allowed "open book" for the specific ADR conversion. At this point this window for conversion has been closed for indefinite time. Since the main bridge to conversion was Euroclear, there is no channel of cooperation between Euroclear and NSD anymore. Also each ADR had its specific bank that issued them, some are from Citibank, some are from BNY Mellon, etc. these banks at this point won't lift a finger to help you. They closed the books for conversion. The only reason they had them open in the first place was to get rid of them from their balance sheets +earn a little. Even if you do manage to convert somehow magically, you get shares in rubles, as soon as they are sold you owe taxes to the Russian government, and good luck with that, especially proving base share cost (which can be set to zero).

justbrowsinginpeace

If it is a European ETF it's probably safer as the Depositary holds your assets independent from the investment manager. These are usually trust banks like BNY or State Street that aren't going bankrupt as they are G-SIF banks.

MrElvey

To my eye, this is bad for investors. I disagree with u/Huge-Albatross9284. Invesco is trying to make more money off investors in the ETF. Investopedia article title "Why Invesco Stock is Soaring after Proposing this Change to Pupular QQQ ETF" makes clear that this allows Invesco to make more money. Looks to me like that would be coming out of the pocket of investors in the ETF. *All quotes from* [the proxy statement](https://www.invesco.com/us-rest/contentdetail?contentId=2b5fc069-cbd3-409c-967a-5b73419e6840&dnsName=us): it "will benefit Invesco in the form of revenue and potential profits" ... after the change, "Invesco and BNY may also enjoy certain benefits related to securities lending" - currently prohibited. It explains that the risks of that lending could lead to QQQ losses - which are CLEARLY bad for investors in the ETF. It also states under "Benefits to Invesco and Risks Associated with Utilizing Invesco’s Affiliated Broker for Portfolio Transactions" that NOW (without the change) "Invesco is required to direct the Trust’s securities transactions only to brokers or dealers from which Invesco expects to receive the best execution of orders". But WITH the change, Invesco WILL be able to direct orders to "affiliates of Invesco" And later, "This change may introduce new risks of conflict that are not presently experienced by the Trust and its Shareholders." Invesco explicitly admits there will be "CLEAR FINANCIAL AND “FALL-OUT” BENEFITS TO INVESCO AS A RESULT OF SHAREHOLDERS APPROVING THE PROPOSALS." These far outweigh the 0.02% fee drop. No?

0JustForFun

I'm trying to vote and still need to clarify expenses. It seems new open-ended will have additional expense of compensation for 9 board members in addition to all current expenses, right? or I am missing something here? Under the current class as UIT, Invesco/QQQ is only reimbursed for marketing and administrative expenses. The other operational costs are paid to third-party providers, such as licensing fees to Nasdaq and trustee fees to the bank (currently BNY Mellon). Under the Proposed structure -Open-ended ETF. QQQ would become the investment adviser and collect the entire 0.18% expense ratio as a management fee. Invesco/QQQ would then use this revenue to pay the fund's expenses, including: Index licensing fees to Nasdaq. The Nasdaq license fee is a major expense for the fund. New Board of Trustees compensation. A newly created board would oversee the fund for the first time. Administrative and operational costs, including services provided by third parties, such as the custodian and administrator (BNY Mellon). Marketing expenses. It would fund marketing expenses from the management fee, rather than receiving separate reimbursements. This is the summary I collected. It seems to me that under the new proposal open-eded ETF. This QQQ ETF will have the additional expense of paying the board members who will manage the fund, correct? so comparing to current structure, the QQQ will have more expenses for the compensation to board members (9 of them). Then, the expense ratio for investors will go down from .20 to .18%. What are they paying now that is not going to be an expense in the future. Anyone could clarify?

MybobbyB

Ah oui vous avez raison la dessus les principales sources de financement sont : ventes de participation dans les societe dans lesquelles ils investissent, dilution sur le marché, pret BNY et maintenant Subvention US DEFENSE Par contre le COO fait ca intellligemment, c est un stratege Comme indiqué cest du long terme, 3 a 5 ans 10/15Mds En attendant CT split 5/1 annoncé sur le nasdaq donc on ira se stabiliser a 7/8$ soit 200M$ de capi Elle grimpera 2026 2027

MybobbyB

Because it's a "Rough Diamond" I searched for months for the best possible value in JUNIORS USA miners, i.e. on American lands which have the best benefit/risk balance in the short, medium and long term. For that I had precise criteria: 1/ Junior miners not seniors because these are the most undervalued stocks in 100 years of wallstreet 2/ on American lands because with the crises, I prefer it to be on US lands because the money goes to the US that is where 70% of the investments go 3/ solid finances and trusted support: Nova has 0 debt, crazy cash flow and since seven has taken 7% of Adelong Gold and the BNY strongly supports them 4/ under the radar: nova is massively under the radar and undervalued, even at $800M it barely values ​​the 2 projects OR and ANTIMONY 5/ I wanted a mine with several minerals which increases its capacity to produce value: Nova has ANTIMONY GOLD and also Lithium / copper and even silver 6/ I was looking for a similar one at Great Bear in Alaska which made x56 in 4 years and was bought by Kinross $KGC >> well Nova minerals is like Great Bear in Alaska and Gold experts consider that Nova is a multi Fort Knox. Who as you know is at KGC 7/ ANTIMONY will send them several billion miles away, it will join its big sister UAMY and surpass it thanks to the gold it has 8/ general context >>> gold shortage 2025 >>> gold at 4koz >>> Trump boosting critical minerals >>>> rate cut >>> QE coming Etc etc man I buy up to $200/250 AFTER I'm long term so no rush

joyreneeblue

Yes, good point. Having BNY oversee & charge for it seems onerous - do other ETFs share that burden? And do other ETFs have boards is also a worthwhile question that I don't know the answers to. I'm following this news as it seems that it would be worthwhile to invest in Investco if they are successful in removing BNY and remaking the oversight structure.

ShakeMyHeadAgain

This will also allow Investco to charge a management fee as well as moving from BNY management to a 9 member board who presumably will be compensated (and does an index fund really need a board since it had to take set positions?) I need to look some more and see if they list a proposed management fee and any caps on that fee if the future to be able to compare that cost to what BNY gets. If Investco would take less than BNY than that is a positive.

GandalfSwagOff

$BNY has been protecting the money of elite weirdo creeps for hundreds of years. They'll survive anything. Tech companies? Idk. They are more flakey and depend on social trends and behaviors.

justbrowsinginpeace

You have mega custodians/trust banks like BNY. They hold secruities in DTC etc on behalf of brokers and banks, as well as other custodians from overseas. 80% of all t-bills and other US debt is held at BNY. They are not going bankrupt, because they can't. They big banks all have "living wills" to avoid a repeat of Lehman so in the unlikely event they shut down, the assets have a disposal/transfer plan. Holding assets on exchanges via nominees and custodians is as old as money itself. Digital certs and all that other bollox are a solution for a problem that doesn't exist. It would be an operational nightmare that would be rampant with fraud and theft. It has never been easier or quicker to access stocks or get your money back. Personally having worked in this space for 25 years there are some trading platforms I wouldn't go near but the risk is well known to regulators and is enforced stringently.

Life_Personality_862

Get details including fees etc for adrs at the sponsor's website, e.g. [https://www.adrbny.com/](https://www.adrbny.com/)for BNY adrs including mhviy or [https://www.adr.com/](https://www.adr.com/)for JPM adrs the fees are often not insignificant on thinly traded ones, and if the underlying pays a dividend, the sponsor scarfs a portion of it. other (most?) full-service brokerages support direct international trading though it comes with additional commission, and you bear the currency risk directly. I use Fidelity and I looked into it once and it was mechanically straight forward, but in the end decided to buy the and ADR. Either direct or via ADR international stock have expenses/friction costs for us lowly retail investors.

Less_Lack_1253

Pershing/BNY, Fidelity NFS, Apex, Wedbush, Axos, DriveWealth. Why ATCH eats them: they own the long tail.. faster onboarding, lower all in clearing cost, white glove service, and a live engine (WDCO) that moves while their committees crawl.

dougie_fresh121

You should apply for jobs at banks like BNY Mellon, BAML, Merrill Lynch, etc especially if you have certs or education. Having this in your portfolio / projects on your resume is sure to stand out.

therealsilentjohn

> Gamblers trading tokens to other gamblers and absolutely no other value to anyone. Are you saying that Visa, blackrock, Mastercard, Accenture, Credit Suisse, BNY Mellon, Franklin Templeton, ING, JPMorgan, Microsoft, etc ... are you saying that they are all gambling? How is stablecoin settlement (the big major use case of crypto) gambling? It's just value transfer through a secure and fast network. > Having an imaginary potential use case doesn't make it real. You're right. Thankfully there are ***real*** use cases. > If a corporation wanted the tech, they'd just make their own token, they wouldn't buy it from gamblers who inflated the value to trillions of dollars in market cap. And what would be securing their token? The *entire point* of crypto is a decentralized and secure protocol. Reinventing a SQL database with extra steps isn't what makes all of this valuable. > How high do you think it'll go, 100 trillion dollars? Maybe a quadrillion? For something only ever used for gambling? I don't pretend to know unknowables.

greytoc

Yes - that's very normal. When a company issues a dividend, the company is effectively returning capital back to investors. The dividend impacts the balance sheet of the company so the price of the stock will reflect the dividend. If you want to find news about the company - look on the company investor portal - [https://www.holcim.com/investors](https://www.holcim.com/investors) A special dividend occurs when a company issues a larger than normal dividend - usually from some corporate action. It this particular case - it's because of the Holcim spinoff of the company's businesses in North America to Amrize. This is where it gets complicated because you invested in HCMLY. HCMLY is actually an unlisted ADR that trades OTC. It is traded OTC Because it's unsponsored by the Holcim. Unsponsored means that the company has nothing to do with the ADR. And the ADR is a depository receipt offered by a depository (a term that basically means bank). In this case, the depository is BNY which is one of the major ADR providers in the US. The actual corporate action is that Holcim shareholders would receive shares of Amrize. But in this case, because it's an ADR - the depository has decided to sell the shares of Amrize and distribute the net USD proceeds to ADR holders. That's why you are getting $10.63033 per share in cash instead of AMRZ stock.

Busy_Satisfaction510

I’ve made over $1.2M in grant funding including the gov’t and private institutions for my clean energy company. To date I’ve raised $3.1 million total. I’ve been funded by world class orgs and individuals including BNY Mellon, Pharrell Williams, and Cisco For the Founder: Knowledge on winning over $350K in grants, some game winning application drafts, and some apps curated for you, spend 20 minutes here: https://stan.store/getwealthy/p/win-grants-like-clockwork

Busy_Satisfaction510

I’ve made over $1.2M in grant funding including the gov’t and private institutions for my clean energy company. To date I’ve raised $3.1 million total. I’ve been funded by world class orgs and individuals including BNY Mellon, Pharrell Williams, and Cisco For the Founder: Knowledge on winning over $350K in grants, some game winning application drafts, and some apps curated for you, spend 20 minutes here: https://stan.store/getwealthy/p/win-grants-like-clockwork

Busy_Satisfaction510

I’ve made over $1.2M in grant funding including the gov’t and private institutions for my clean energy company. To date I’ve raised $3.1 million total. I’ve been funded by world class orgs and individuals including BNY Mellon, Pharrell Williams, and Cisco For the Founder: Knowledge on winning over $350K in grants, some game winning application drafts, and some apps curated for you, spend 20 minutes here: https://stan.store/getwealthy/p/win-grants-like-clockwork

Busy_Satisfaction510

I’ve made over $1.2M in grant funding including the gov’t and private institutions for my clean energy company. To date I’ve raised $3.1 million total. I’ve been funded by world class orgs and individuals including BNY Mellon, Pharrell Williams, and Cisco For the Founder: Knowledge on winning over $350K in grants, some game winning application drafts, and some apps curated for you, spend 20 minutes here: https://stan.store/getwealthy/p/win-grants-like-clockwork

Busy_Satisfaction510

I’ve made over $1.2M in grant funding including the gov’t and private institutions for my clean energy company. To date I’ve raised $3.1 million total. I’ve been funded by world class orgs and individuals including BNY Mellon, Pharrell Williams, and Cisco For the Founder: Knowledge on winning over $350K in grants, some game winning application drafts, and some apps curated for you, spend 20 minutes here: https://stan.store/getwealthy/p/win-grants-like-clockwork

Busy_Satisfaction510

I’ve made over $1.2M in grant funding including the gov’t and private institutions for my clean energy company. To date I’ve raised $3.1 million total. I’ve been funded by world class orgs and individuals including BNY Mellon, Pharrell Williams, and Cisco For the Founder: Knowledge on winning over $350K in grants, some game winning application drafts, and some apps curated for you, spend 20 minutes here: https://stan.store/getwealthy/p/win-grants-like-clockwork

Busy_Satisfaction510

I’ve made over $1.2M in grant funding including the gov’t and private institutions for my clean energy company. To date I’ve raised $3.1 million total. I’ve been funded by world class orgs and individuals including BNY Mellon, Pharrell Williams, and Cisco For the Founder: Knowledge on winning over $350K in grants, some game winning application drafts, and some apps curated for you, spend 20 minutes here: https://stan.store/getwealthy/p/win-grants-like-clockwork

jdizzle512

You clearly are not keeping up with recent events. Every institution in the world is actively working on tokenization, blockchains, stablescoins, interoperability and regulatory compliance Swift—the international bank messaging standard for 11,500+ banks—is working with Chainlink to enable financial institutions to connect to any existing public/private chain using Chainlink and their existing Swift infrastructure and messaging standards. Chainlink CCIP was used to enable the cross-chain settlement of tokenized assets across public and private blockchains. The successful collaboration featured 12+ world-leading financial institutions, including Euroclear, Clearstream, ANZ, Citi, BNY Mellon, BNP Paribas, Lloyds Banking Group, and SDX. https://blog.chain.link/wp-content/uploads/2023/10/results_report_swift_interoperability_experiments_final_310823-2.pdf

Big-block427

For Institutional Investors GS and BNY have just unlocked another source of income.

niunchingblental

Major players—BlackRock, BNY Mellon, Fidelity, Goldman Sachs, and Federated Hermes—have joined forces to **tokenize shares of traditional money-market funds** on Goldman’s private blockchain, now tradable via BNY's LiquidityDirect platform. This aims to **enable near-instant, around-the-clock settlements**, enhance collateralization efficiency, and bring blockchain’s transparency and operational speed to mainstream institutional finance.

Some-Ad7772

Rocket has 60%short interest. Q4 EBITDA margins at 18%, acquisition talk (Mr. Cooper/Redfin). BNY Mellon grabbed 700k shares. Chart’s screaming breakout. Shorts are toast

No_Tale5373

Mutual Funds it is for most busy people. FNILX, FZROX from Fidelity - 0% fee indexed stock funds. If you're absolutely in love with ETFs, BKLC from BNY, also 0% fee.

Sea-Acanthisitta5791

Within 3 to 5 years, most major banks in developed markets are expected to launch at least pilot Bitcoin custody services. Regulatory momentum in regions like the U.S., Europe, and Singapore is creating favorable conditions. Early movers such as BNY Mellon and DBS will likely be followed by others. As Bitcoin becomes more widely held and less volatile, BTC-backed lending will shift from niche to mainstream. By 2028 to 2030, Bitcoin custody and lending will likely become standard offerings among forward-looking banks, targeting institutional clients first and eventually retail, generating revenue through fees, trading, and interest products.

Horror_Vegetable_850

Even BNY?

Cryptonewbie5

My favorite was from yesterday where one guy was saying that tokenization is trying to solve a problem that doesn't exist. Like yeah, the big boys (BlackRock, BNY Mellon, JPM), they're all misguided in pursuing tokenization and it's you that's right reddit.

Usual-Alternative145

BKLC. BNY Mellon US Large Cap Core ETF. about 85% similar to VOO. but BKLC is free to hold having no fees

ChadBergenstock

CRCL IPO notice from RH. RCL is the ticker symbol for Circle Internet Group, the company behind the USDC (USD Coin) stablecoin. Based on the latest information: **Key Details about Circle's IPO:** * Circle plans to offer a total of 24 million shares of its Class A common stock, which will trade on the New York Stock Exchange under the ticker CRCL [USDC Stablecoin Issuer Circle Files for IPO on NYSE](https://thecryptobasic.com/2025/05/27/usdc-stablecoin-issuer-circle-files-for-ipo-on-nyse/) * Circle Internet said on Tuesday it was targeting a valuation of up to $6.71 billion on a fully diluted basis in its U.S. initial public offering [Stablecoin giant Circle targets $6.7 billion valuation in US IPO | Reuters](https://www.reuters.com/technology/crypto-firm-circle-internet-some-shareholders-aim-raise-624-million-us-ipo-2025-05-27/) * The company has been trying to go public for years - their first attempt through a SPAC merger in 2021 failed * Circle formally filed their S-1 registration with the SEC in April 2025, and they just filed updated prospectus documents today (May 27, 2025) **Company Overview:** * Circle is the issuer of USDC, the second-largest stablecoin by market cap with about $60 billion in circulation * The company, led by Jeremy Allaire, reported net income of $156 million on revenue of $1.68 billion in 2024 [Circle Files for IPO as Stablecoin Issuer Shows Growing Revenue - Bloomberg](https://www.bloomberg.com/news/articles/2025-04-01/stablecoin-issuer-circle-files-publicly-for-ipo-as-revenue-grows) * The company said its reserve income from managing its stablecoin-related reserves was $1.7 billion at the end of 2024, representing 99.1% of its total revenue [Stablecoin Giant Circle Files for IPO After $1.7B Stablecoin Reserve Windfall](https://www.coindesk.com/business/2025/04/01/stablecoin-giant-circle-files-for-ipo) **IPO Details:** * Lead underwriters: JPMorgan Chase and Citigroup * Circle's IPO co-managers include Santander, BNY Capital Markets, Needham & Company, Canaccord Genuity, and Oppenheimer & Co. [USDC Stablecoin Issuer Circle Files for IPO on NYSE](https://thecryptobasic.com/2025/05/27/usdc-stablecoin-issuer-circle-files-for-ipo-on-nyse/) * The IPO is happening amid growing optimism around cryptocurrency under the Trump administration's more crypto-friendly regulatory approach The IPO is significant as Circle would be one of the major cryptocurrency companies to go public, potentially paving the way for other crypto firms like Ripple, Kraken, and Gemini that are also reportedly considering IPOs.

therealsilentjohn

Crypto is already doing more volume than MC, Visa, Amex, and Paypal ($14 Trillion in 2024) RWA TVL reached $10B and has seen exponential growth (Private credit & US Treasuries fueling rapid growth) $132B+ in stablecoins on chain There's so many use cases live that it cracks me up when people say there aren't any: Stripe - Stablecoin Financial Accounts Visa - Stablecoin Cards Moss Genomics - ETH Treasury BNY Mellon - Digital Asset Data Insights Calastone - Tokenised Distribution Custodia Bank/Vantage Bank - Avit Stablecoin BioNexus Gene Lab - ETH Treasury Invesco - iSNR Fund Buenos Aires - Digital License Apollo - ACRED Fund Nubank - USDC Reward Program Mainnet ...that's just *this year*, with tons more in development / waiting for regulatory clarity.

callyograndma

Do I want BNY shares through ESPP?

callyograndma

Do I want BNY stock through ESPP

Valkorion335786

What do you mean $BK is BNY Mellon I thought I was buying shares in Burger King 

SunlitShadows466

That guy wasn't paying attention. The announcement came a full month before delisting, and BNY Mellon offered to buy all the ADRs ahead of time.

Balticseer

Bank Analyst: BNY Flow Data Through Tuesday Shows Foreign Selling Across US Treasuries And US Equities,

MindMugging

Let’s say you put money into “Reddit Investment ETF”. - Reddit Investment Advisor LLC (RIA) receives your cash - they direct your cash to a CUSTODIAN BANK (StateStreet bank, BNY Mellon, etc) - then your cash goes into the share creation process and your cash is converted to 1 share of RI ETF. That share is recorded at CUSTODIAN BANK. The whole point is the investment decision matter does not and never should be holding your money in an account that is controlled by the investment company. This is to prevent shit like Maddoff or FTX happening.

Jenn2895

Chainlink, $Link. They solved the Oracle problem, but they offer so many more services as well such as data feeds. The WEF has even mentioned as part of the 4th Industrial Revolution. The financial system is moving on chain. Some banks have already announced. Chainlink is needed for all the blockchains to interact. Swift (messaging system for over 11k banks) wrapped up years of testing with Chainlink. Banks are in the transition phase with a deadline of Nov 2025. Chainlink has over 700 employees, including top computer scientists & former Google execs. Sergey created smart contrats dot com a week before Satoshi released the Bitcoin white paper. Citi predicts Chainlink will take dominance over Bitcoin (they are/do different things, so there’s no competition. Chainlink with a market cap of Bitcoin would be $2,500. $Link is currently $14. This is 1 of those once in a lifetime opportunities. They also have over 2,000 partnerships including some of the top names in Finance. JP Morgan, Fidelity, BlackRock, Euroclear, Clearstream, ANZ, Citi, BNY Mellon, BNP Paribas, Lloyds Banking Group, Central Bank of Brazil…. But they are not limited to just finance as everything is moving towards ai & blockchain… & Chainlinks data feeds will be necessary. This technology will be used for gaming, gambling, sports, weather, real estate, smart contracts, medical records, all real world assets, records & contracts. $Link will be a household name by 2030. Chainlink is available on RobinHood. So it’s not hard to purchase.

DrBuschLight

Bought BNY mellon last summer when it was in the 50s and now its close to hitting 90s. Knew I should have loaded up harder, its been sneakily good.

Straight_Turnip7056

Sure? Or did you mean, BNY?

GhostAndAce

No, it automatically appeared on my brokerage account. Note that accodring to BNY Mellon, the broker has to release your ADS first (basically the broker exchange the ADS on your account for cash). In my case, Wellstrade took care of that for me and I did not have to do anything. But maybe with some brokers the process is not automatic and you need to contact them to ask them to release the ADS? Just an idea, I might be wrong.

GhostAndAce

In my case BNY charged $0.05 per ADS: I can see the net proceeds and the gross proceeds on my account activity.

romt_25

Apparently, Dogecoin's market cap ($65B+) is higher than that of BNY Mellon by $7B+.  BNY Mellon is the oldest bank in US with $17B+ revenue and 50k+ employees. 

GhostAndAce

I received the cash today in my broker account! BNY sold all the BMW shares underlying the BMWYY ADR, and they distributed the proceedings today. They took very little fees.

IDGAFOS

Aave, to name one of many... "At its current level of net deposits, Aave would be ranked 63rd by consolidated assets among insured U.S.-chartered commercial banks, ahead of Commerce Bank and BNY, as of Sept. 30 data from the Federal Reserve"

ak_NYC

Webull typically does not hold the actual assets. They are an interface. All of these trading front ends keep their customer assets custodied with highly regulated companies, like BNY, State Street, etc. In WeBbull’s case, the stocks are held with Apex Clearing Corp.

FormalAd7367

If regulations are relaxed, banks may soon be able to use Bitcoin as custody. This shift would allow financial institutions to hold and manage BTC on behalf of their retail clients. honestly, I’m more worried about the COIN. With BNY Mellon getting SEC approval for Bitcoin custody, it feels like Coinbase might lose its edge. Sure, they’ve been leading in custody services for ETFs, but as banks step in, it could change the game.

Autocorrectcaptcha

It’s only the clearinghouse and custodian - not the same company. It’s owned by BNY Mellon.

running_man1

From BNY today: *The Depositary will endeavor to sell the Shares underlying any Sponsored ADSs that have not been surrendered.*    *Holders who did not surrender will become entitled to receive net proceeds of the sale of the underlying Shares. The Depositary will notify you after it completes sales of the underlying Shares and call for surrender of your Sponsored ADSs to be exchanged for net cash proceeds. A cancellation fee of $.05 per Sponsored ADS surrendered will be deducted from the cash proceeds you will receive, and your payment may be subject to withholding in respect of U.S. income tax.* *No estimated proceeds will be shared.*  [https://www.adrbny.com/content/dam/adr/documents/termination-notices/files/TN2000014.pdf](https://www.adrbny.com/content/dam/adr/documents/termination-notices/files/TN2000014.pdf)

GhostAndAce

Any update folks? I talked to my broker (Wellstrade) and they told me that BNY Mellon will sell all the underlying BMW shares and deposit the proceeds on my brokerage account once my broker releases the ADS. But they don't have a timeline for this.

CellRepresentative97

Hi pal, the response from BMW IR: „Thank you for your email and your interest in BMW. The company has decided to withdraw from the US ADR market. The depositary bank BNY has issued a termination notice which is available here: https://www.adrbny.com/content/dam/adr/documents/corporate-actions-dr/files/ad1143650.pdf For any questions relating to your ADR investment and the termination of such program, please reach out to BNY directly.“ So all is in hands of BNY? Ibkr doesnt help and provide any more information by now. BR

i-love-freesias

BKLC has zero fees.  It’s managed by the bank Schwab uses, so pretty solid. I buy it and SPLG, which has (.02%) fee.   They both do the same thing, but I buy both to get overall lower fees and I’m waiting to see how BKLC does longer term, as it’s only 3 years old, which is why they are offering it at zero fees (BNY Melon Bank).

ToTheMoon-DarkSide

Robinhood announced this: Wait until cash liquidation after October 29, 2024. If you decide to do nothing, BNY Mellon may sell the underlying foreign shares. Robinhood in that case will surrender your ADRs to the depository in exchange for cash that will be distributed to you at some point after October 29, 2024. You’ll receive the net of proceeds minus any fees and tax withholding charged by the depository. These fees are not charged by Robinhood

KangarooNext1789

I hope this will be helpful for you guys IBKR finally said yes to doing something about this, they have said they can help to convert these BMWYY ADRs into common shares ISIN DE0005190003. Which what I asked for and I am going to agree to it since it is less risky than just waiting for liquidation. Even though I think the fee they asked is very high. Also after emailing both BMW and then BNY, they gave this answer, maybe if you use this with your broker you can can still catch the 28/10 deadline "I understand from your query that your ADRs are held in a brokerage account. Please note that we do not have access to your brokerage account and hence we do not have a line of sight into your holdings at the brokerage account. So, in case you want to move the ADRs from the sponsored program to the unsponsored program, please have your broker complete Annex A of the termination notice that is available at URL: [https://www.adrbny.com/content/dam/adr/documents/corporate-actions-dr/files/ad1143650.pdf](https://www.adrbny.com/content/dam/adr/documents/corporate-actions-dr/files/ad1143650.pdf) You may instruct your broker to email the completed Annex A to email id: drinstructions@........."

greytoc

BMW stock price has been mostly flat in the last 30 days. It really would depend on when BNY sells the shares. It looks like the unsponsored ADR is already trading if you want to track the price in USD - ticker is BMWKY - it closed today around $28.23/share. It's really going to be the fees, currency slippage, etc. that will be reduce the proceeds that you get back. Hopefully those fees aren't too much.

greytoc

yeah - Robinhood is a pretty immature broker so they probably don't have processes or services that larger and more established brokers have. I actually thought Robinhood didn't even support OTC shares. You should check with Robinhood - I would expect that in your case - Robinhood should receive the proceeds when BNY fully liquidates the facility. And you should receive the net proceeds.

Independent-Turn1886

JPMorgan Chase and BNY Mellon Russian branches. Aka Monopoly money

shrug123456

Yeah I'm pretty sure that the funds should get transfered after some time, that's what was told to me from BNY Mellon. They assured me there would be a payout, but he did not know at what price or what fees would come out of it, hopefully not a lot. 

Additional_Media6570

yeah thats what they told me.. or maybe i have missed the corporate action dates. literally no idea. kindda new to this AD. tend to generally trade stocks which r listed on nasdaq and nyse.. any idea how can i contact the depository BNY? like an email address or whatsoever?

greytoc

hmm - are you saying that Ibkr doesn't have a process to deal with voluntary corporate actions? I guess that's possible. It's my understanding when I read the notice that the depository will simply liquidate all shares which have not been elected to be transferred. And the net proceeds would be distributed. But I believe that happens 30 days after the end of the election period. And your broker would then have to distribute the proceeds it receives from whoever is the custodian. That's just my guess. You could try contacting the depository instead. I think you would have a better chance getting an answer from BNY than from BMW.

shrug123456

So questrade never helped with anything but I was informed by the organizer of the BMWYY shares, the BNY Mellon that after the 30 say period they will sell the shares and pay out the money to the brokers who then should pay it out to me. 

shrug123456

Yeah found multiple but then was told because the stock is undergoing this transfer to new shares, you can't transfer them to a new broker. Finally called BNY Mellon, the ones organizing the sponsored shares and they let me know that 100% I'll receive my money thankfully. 

stockmike

Thank you for your response and Yes that too. Im pretty new to investing so I think I'm just worried about looking at the 20 year price difference in the BNY option vs VTSAX. But looks like there is more research I need to do.

stockmike

Depressing options at my 457b empower account. looking to invest my money but looking at the 20 year average for the BNY mellon S&P 500 it has barely increased compared to VTI. But Thats the only S&P option empower offers. There are mass mutual funds as well but I dont think those are great either. BNY expense ratio of 0.50 and the mass mutual fund expense ratio is around 0.60 I included a comparison chart. VTI in black BNY in blue and mutual fund in orange. Its the percentage increase in the last 20 years. Should I not even consider these options and invest instead in a personal brokerage account? https://imgur.com/a/KKk4CtD

Dark_Overlord335786

BK is BNY melon How do you get burgers and fries at a bank

greytoc

Let's take a step back. The ticker BMWYY has never been listed. It is an OTC ADR. It appears to have been a sponsored ADR A depository bank created the product on the OTC. In this particular case - they weree depository receipts from BNY. Occasionally, the depository may terminate the ADR for various reasons. A termination notice would have been disclosed. In your case - see attached - [https://www.adrbny.com/content/dam/adr/documents/books-closed/files/bc1145037.pdf](https://www.adrbny.com/content/dam/adr/documents/books-closed/files/bc1145037.pdf) If you did not sell out your position before the termination issuance on 9/27 - you will have to go through the liquidation process. The last day to trade BMWYY was 9/26. Your investment is NOT worthless - when an ADR terminates - normally you have a choice to get the shares and deposit into a local custodian (in this case you need a German brokerage account) - or your broker can try to liquidate it for you and get you cash value back (assuming your broker offers those services). But there is a fee to do that because of the bookeeping, currency risk, etc. involved - that's probably what the $300 is for. This is why investing is unlisted ADRs and OTC securities are considered riskier if you don't monitor your investments.

_etherium

$COIN could be crushed next year when the SEC wins their case and blocks shitcoin trading. The SEC mostly won their prior cases but took some losses when learning the ropes. Since then, the SEC learned how to properly litigate their crypto cases and the fact pattern is bad for $COIN. Also, BNY Mellon was approved to custody crypto so expect that bank and others to eat into $COIN's etf custody share. I'll be watching the lawsuit and buying puts.

MaxxMavv

Don't take offense I did enjoy looking into your options, but this is the worst list of choices I have ever seen in my life. The number of strait up scams is horrific, ESG, Sustainable, green do not touch any of that shit. Rest of the list is lower then inflation rate government bonds. That said you do have a few decent options. BNY Mellon Worldwide Growth Fund is the best choice you have but even then .93% expense ratio is crazy. I would 40% right there, Goldman sach duurzaam aandelen fund is ok I would 20% that. 10% between the two emerging markets. Aandelenfondsen Top 4 on the list is your best bet. Put 80% total there. The other 20% index mix fund. Gonna be blunt I would be livid if someone said chose from this list they are pushing trash and the stuff that is not trash has massive fees/expense ratio. I find myself getting angry looking at it because I see whats going on here, its not to make your money so you can retire in comfort or early its to funnel money into bad ideas that wont return capital.

RedditGendi

BNY Alicia Levine said ISM services came in incredibly strong, along with employment. She expects upward revision in NFP for July.

RedditGendi

BNY Alicia Levine said ISM services came in incredibly strong, along with employment. She expects upward revision in NFP for July upwards.

Thinketh_soitbecomes

BNY u mean?

goldeneye700

The U.S. Marshals Service works on crypto investigations. A govt org using Coinbase as a custodial solution is very bullish. Even while the SEC is playing hardball with crypto companies. This is equivalent to using BNY Mellon or JPM for custody of stocks or treasuries.

FoolInTheDesert

One more thing you might want to consider is the political aspect or moral aspect of investing with MSOS. They are partnered with BNY Mellon, who holds the swaps and profits off that as a service to MSOS. BNY Mellon is the result of a merger a few years ago but they still maintain an office that funds the Mellon families political, social and civic goals, it's called the Global Family Office. Just today it was announced that one of these Mellon family members made a $50M contribution to Trump's campaign, the single largest political donation in US history, if I am not mistaken. In a roundabout way by investing in MSOS you are supporting the Mellon family who are supporting Trump. Trump and the republicans are the worst possible outcome for this sector and your investments. Another reason to sell and buy the underlying equities!

justbrowsinginpeace

Ireland is considered particularly strong at ETF servicing as the big vendors like BNY, State Street, BNP, Citi, JPM and Black Rock have put major infrastructure and staff at scale to support these funds very cost effectively. This keeps the TER down which is a major battleground for distributors. If the ETF is a UCITS (almost always), they are not taxed in Ireland though VAT is applied on fees for some service providers (but all that's in the TER anyway). Investors are taxed where they are domiciled for tax by their local authority, Ireland does not collect tax unless the investor is Irish or domiciled here. Ireland has built up a big lead in this space but is not the exclusive domicile.

greytoc

Ok - well - if it was only 10-12 years ago - that would mean that record keeping could be in your favor. yeah - you may want to check all 50 states. Maybe it ended up in the state where the mutual fund or broker is located - I don't know a lot about how it works. The other thing is that it may simply be still at the broker or mutual fund company. One thing to check also - if the financial advisor used by your relative is involved - it sounds like a small RIA. Small advisors use brokerage custodial platforms. The new owners should know the platform that was used - it could be a BNY/Pershing, LPL, Fidelity, etc. - if you can find out which custodial brokerage was used - you can try there as well. The new financial advisor would have needed to do an account migration so they should know who was the old custodian.

nostratic

if lower fees are so critical, we should all be investing in the zero fee Fidelity funds. or zero fee ETFs from BNY Mellon. yet someone reddit ties itself in knots trying to invent reasons to avoid those funds.

Zipski577

Yeah I feel you I work at a private boutique now but the last public company I worked at was BNY so I never bothered to look at any of the stock plans/ offerings for that dog shit

MEASUREHEAD

Any of you work for BNY Mellon? I just got a job there and want to know how bad my work life's gonna suck. Internet either says it's great or absolutely horrible, no in between

zmkarakas

I am not. I am a data engineer, with multiple sector experience. I did work at State Street and BNY Mellon before. Funny thing is I was actually coding at some point insider trading detection model. (with other people)

raidx90

Thanks for sharing this. I have tried contacting BNY Mellon, which is allegedly one of the custodian banks. However, they have not responded. I think at this point, the only option is to file a complaint with the SEC. It is clear none of these institutions are willing to help (Robinhood points at Flutter, Flutter at the ADR custodian banks, those banks don’t reply). I am not sure what other avenue we have. Any tips?

kintnerboyinside

Call the transfer agent of the current parent/ buyer Washington Gas. Someone mentioned BNY Mellon but they have been bought by Computershare. Very likely the share/cert has been escheated as abandoned property though if dormant this long and the transfer agent may not have any records as they are only required to be kept for 6 years. Good luck. Still worth the call though.

roglevine

SHAREHOLDER INqUIRIES The Bank of New York Mellon serves as the Transfer Agent and shareholder recordkeeper for WGL Holdings, Inc. (WGL Holdings) common stock and for Washington Gas Light Company (Washington Gas) preferred stock. All shareholder inquiries, such as name and address changes, lost certificates, dividend checks and payments, transfer matters, Form 1099-DIV, etc., should be directed to: WGL Holdings, Inc. c/o BNY Mellon Shareowner Services PO Box 358015 Pittsburgh, PA 15252-8015 www.bnymellon.com/shareowner/isd 1-800-330-5682 Email: shrrelations@bnymellon.com

WGilmore00

Waiting for Deutsche to go 🤪 and BNY Mellon also shouldn’t survive this 😤 but “all is well”

Mcjibblies

Nah. This is late stage capitalism. When only a few have most of. The money, you won’t see the same dips unless they all decide to move together. Blackrock or BNY isn’t selling off 20% or anything like that. The 10 year being at 5% should’ve told you. That was an ideal option instead of investments with little risk, and it didn’t screw up the market. It ain’t happening like that without another government shut down.

Deleted_dwarf

Just some excerpts from WSJ > “The abysmal cheapening of equity valuations suggests a deep disconnect between the authorities’ repeated rhetoric about reaching real growth targets and the markets’ disbelief that nominal growth is anything but healthy,” said Aninda Mitra, BNY Mellon’s head of Asia macro and investment strategy. “This disconnect needs to be bridged, or at least addressed, for equity market conditions to turn around.” > One of the concerns for investors is that China’s economic growth was for many years highly dependent on the property sector, which accounted for around a quarter of economic output, according to some estimates. Beijing has tried to encourage a shift away from real estate into other sectors, but the results so far are mixed at best. 

PossiblePersimmon912

[https://www.amazon.com/dp/B096XR1FQD/ref=cm\_sw\_r\_cp\_apa\_i\_ZBb4CbTRJ8PY2](https://www.amazon.com/dp/B096XR1FQD/ref=cm_sw_r_cp_apa_i_ZBb4CbTRJ8PY2) [https://www.amazon.com/dp/B07BNY1PW6/ref=cm\_sw\_r\_cp\_apa\_i\_ZBb4CbSJSR9RY](https://www.amazon.com/dp/B07BNY1PW6/ref=cm_sw_r_cp_apa_i_ZBb4CbSJSR9RY) [https://www.amazon.com/dp/B08D5QMKQ3/ref=cm\_sw\_r](https://www.amazon.com/dp/B08D5QMKQ3/ref=cm_sw_r) 

jmu_alumni

Your assumption is wrong. Places like BNY Mellon still have not switched this stock to ‘on’. This is why MSOS still does not hold cura from tsx. Most said they wont get this done until early 2024.

TalkingTajik

Thank you for this list! Another two interesting ones could be by BNY Mellon (the oldest American bank, founded by Alexander Hamilton in 1784) and Nintendo founded in 1889. Ericsson and Nokia were also both founded in the 1800s and have reinvented themselves a few times... Although their current iterations have not been great for their stocks in the past 20 years....

jmu_alumni

I agree somewhat but here’s how I would put it: -tsx will give some bump in sp and volume. More so overtime as custody issues get more cleared (example BNY Mellon took a few weeks to allow tarrascend trading) —DEA will come out. Might take another year until uplisting on NYSE. But big investors are now ok investing into curlf because they can and the custody issues are resolved. -Yes, TSX-> NYSE will be quicker than other companies, but I doubt this will lead to more success. The above point would.

doktorhladnjak

Nothing is forever, but there are companies like Colgate that have been in the S&P 500 since it was created and have existed since 1806. Some banks like JP Morgan Chase and BNY Mellon go back even farther as private companies.

dard12

BNY Mellon just posted their 10 year forecast. 7.4% annualized (up from 6.5% previously). >After a tumultuous period of monetary policy tightening, evidence of slowing inflation is gaining traction across many economies. Central banks are expected to start lowering interest rates in 2024 https://www.morningstar.com/news/marketwatch/20231128206/how-stocks-bonds-and-other-investments-in-46-categories-should-perform-over-the-next-10-years-uss-oldest-bank-says

Identity525600

Amazing! A comment in another thread on Fidelity's sub said BNY Mellon (the likely depository for your brokerage) was to sell them on 11/16 (today). If you have followed the drama about this ADR delisting (several threads on Reddit and on Bogle Heads) this for most people is the best possible thing that could have happened. ​ I had been checking my brokerage account: the ADR's are still there, but the purported terms of the sale as per BNY are very favorable compared to my cost basis (and most who have held through the delisting). ​ Happy to hear that you got your funds, although it is strange that you don't see the transaction. ​ It may be a new type of event that RH is not yet capable of handling? There also may not be one because it is involuntary, thus making it a taxable event (this is important if the ADR surrender were to be a loss, you'd actually \*want\* some sort of taxable event showing that you had surrender in order to claim the loss, it's fairly involved to abandon them in a way that makes the IRS happy to show that you've taken the loss) https://www.adrbnymellon.com/files/ad1134846.pdf

Systrbd13

Please help me figure out my next move! Hey guys! I’m a 32 year old Firefighter in South Florida, single no kids. My annual salary right now is $90k, I will get step raises every year until I top out at $105k. Take home is $4600 a month 10.5% gets taken out for my pension, which is 85% of my top 3 years after 25 years of service. I started when I was 25. I am now vested. I’m not sure if I plan on living down here forever, but at least until I retire 50-55 years old if I do the drop program. On top of this I invest 7% of my pay into a 457 broken up into various funds ( vanguard 500, Jp Morgan us equity, BNY Mellon research growth, Franklin growth, gldmn sch md cap grw, vanguard mid cap, black rock health, del ivy sci, gldmn sachs small cap value fund) I’ve had the Voya rep help me pick these, not sure if they are good or not. I started a business during COVID and made some good money, maxed out my 457 for 2 years. I have 54k in the 457 right now. I have about 100k in Robinhood, in different stocks I was interested in. Some good some not so good. Tesla, meta, Microsoft, Amazon, google, and some Ark. When my COVID gig was done, after taxes I had about 500k in the bank. I tried to find the best high interest savings at the time which was a CD @5% I put $250k into it. 3 month penalty to take it out I’m 5/11 months in. I have another 150k in a regular savings, which I plan on moving to a high yield savings. I have no debt. My truck is paid off insurance $300 a month I am renting 1/2 a duplex from my family @ 1k a month. I don’t want to over stay my welcome here and plan on buying a house. But the market is crazy here. Renting and buying. Renting a similar 2/1 situation would be $1700. I would like to buy something, but feel like whatever I buy I have to make sure I’ll be happy there for at least 10-15 years. Who knows if I’ll have a family by then, but I think I atleast need a 3/2. The house I’m looking at range from 450-550k. Interest almost at 8% taxes and insurance are crazy. 550k house with 450k down at 8% with taxes and insurance would cost me about $2100 a month! Do I buy something smaller in the ghetto where I can afford to pay cash, do I put down as much as I can and borrow to get the most house I can afford? I have some people telling me to over buy and be house broke because with my next step raises I will eventually not be as tight. Get a roommate for a couple years. Put the money into something and grow it? Buy a house later? Start another business with my money? Cash everything out and move to Costa Rica? Thank you for any advice!