WhyDRS is a free educational resource about the financial markets in the United States – specifically direct registration, a method of personal ownership available to everyone but rarely used. Keeping long investments in your own name - with the SEC approved Direct Registration System - provides multiple benefits and safeties not available through other means.
GitHub is an online hosting platform which encourages community, participation, and transparency. It is the preferred choice for collaboration on open source efforts and code around the world. It comes with it's own lingo - repositories and pull requests, for example. Here's a link to GitHub's native "Get Started" guide.
WhyDRS is a community focused on providing free, accessible, and well-sourced information about the financial markets and centralized custody and settlement system. WhyDRS also looks to encourage independent shareholder activism alongside broader regulatory petitioning in order to move towards a more equitable, transparent, and custody-first market structure.
If you'd like to help with the organization in any aspect, please check out the Project Board below for open issues across all repositories. If you'd like to assign yourself an issue, please @ one of the admins to let them know to update the issue.
We also host a podcast, Taking Stock, which is usually held on the WhyDRS X account as a live space. Taking Stock covers equal parts guest interviews, project updates, direct registration and custody advocacy, and current events in the financial markets. If you have an idea for a guest, let us know!
Help us draft new financial policies!
Transfer agent regulations - How can Transfer Agent Regulations be meaningfully improved by modern technology such as Blockchain? Bringing the SEC and other incumbents to the table to talk.
The WhyDRS Information Packet - In some ways, this dense overview of information and thoughts about DRS started it all. WhyDRS launched on 2/22/23 alongside this packet and being invited to participate in a Q+A with then acting Chairman of the SEC, Gary Gensler.
NSCC Close Out Policy Petition - This petition draws attention to NSCC Rules 18 and 22 whose language is not as clear or ironclad as it could be concerning member and position settlement.
Database – Operations and code for database.whydrs.org, a free and constantly growing resource built by volunteers.
SEC Comments – Ideas for regulatory improvement to be submitted through the SEC Comments portal.
SEC Petitions – Ideas and collaboration for regulatory improvement to be submitted through the SEC Petitions portal. Check out the SEC Petitions Guide at WhyDRS.org for more info about how you could get submit your own!
Taking Stock – Episode Guide, Guest Suggestions, and RSS Feed.
DUNA Docs – DUNA discussion, including governance and tokenomics. WhyDRS is the first American DUNA.
GitHub Maintenance – Issues and code related to GitHub maintenance.
Wix Site Public – Suggestions, Glitch Reporting, and Feature Requests for our main site at WhyDRS.org.
Newsletter - Decentralized writing of well sourced articles and perspectives, along with where to find updates from existing bodies like FINRA or the SEC, and providing opt in RSS feeds.
Documents - A place to keep track of and organize helpful sources, or host them if appropriate.
