Updating Investment Records on DealMaker
If you need to update your investment records on DealMaker, such as changing the registered name, custodial designation, or correcting an investor name, follow the steps outlined below. These processes ensure compliance and proper documentation for all updates.
Overview of Update Scenarios
DealMaker allows investors to update their records in the following scenarios:
Changing the registered name or custodial designation on IRA-registered shares
Correcting an investor name if the investment was finalized under the wrong name
Required Documentation
To make changes to your investment records, you will need:
A completed Share Transfer Form.
Notarization of the Share Transfer Form (if applicable).
Any additional instructions or documentation required by your custodian (for IRA-related updates).
Step-by-Step Process for Common Updates
1. Changing the Registered Name or Custodial Designation on IRA-Registered Shares
Complete the Share Transfer Form provided by DealMaker.
Have the form notarized to ensure its validity.
Submit the fully completed and notarized form to DealMaker.
DealMaker will forward your request to the issuer for review and approval.
Once approved, the request will go through compliance checks before processing.
2. Correcting an Investor Name
If your investment was finalized under the wrong name, the records are locked and cannot be directly edited.
Submit a share transfer request by following the instructions in the Share Transfer Guide provided by DealMaker.
Complete the transfer process as outlined in the guide to update your securities with the correct name.
Compliance and Approval Procedures
All updates to investment records must go through a compliance review to ensure accuracy and adherence to regulatory requirements. DealMaker acts as a facilitator in this process and cannot directly make changes without the proper documentation and approvals.
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