Registry Paperwork
I assume they’re still regulated by rules that stipulate that paperwork must be sent for all registry changes. They’re slowly integrating email communication services, but they can’t quite do it efficiently.
I altered my communication preference for email contact through the Automic registry. So I get 53 emails, one for each company that I’ve bought over the past 19 years. I currently only hold shares in three companies that use Automic. I now get emails whenever there’s company news for companies that I don’t own. The registry doesn’t provide an option to turn them off if I don’t own any shares in a company.
Why can’t I choose to receive emails from only the companies that I own shares in?
Today, I received a thick envelope containing 53 pieces of paper recording the change in communication preferences for 53 companies. I currently only hold three in the Automic registry.
Either the regulations haven’t been updated to allow more flexibility or the registries are having a go at their customers expense.
