Selling Shares Certificates
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Selling shares certificates. According to a full service broker i spoke to. Hefty minimum charges for trading paper share certificates can take a big bite from your returns. Transfer your stock to street name registration. Not all stock certificates still have monetary value.
Complete the crest transfer form well send to you and return it to us along with your share certificate. If you have paper certificates you can deposit them with the online broker of your choice to convert them to electronic files with electronic record keeping which will conveniently eliminate the need for you to hold paper certificates. Example 2 if you have multiple share certificates all in the same company such as bp we will still only charge one commission of 2500. Share certificates are documents issued by companies that sell shares in the market.
A shareholder receives a share certificate as a receipt of his or her purchase and to reflect ownership of a. A share certificate verifies a shareholding in a company on a physical paper certificate. The certificate will show the shareholders name the company in which the shares are owned and the number of shares held. The shares are in your name and you get a certificate as proof of the number of shares you own.
The shares are held electronically in the name of your broker and you are the beneficial owner. Old stock certificates can still be valuable to collectors however. Selling stock certificates to collectors. If you wish to sell a share certificate for 1500 tesco shares and another for 500 lloyds bank shares we will charge 5000 2 x 2500.
Sell share certificates in three simple steps give us a call or send us a dealing form by post to let us know youd like to sell share certificates. Send the certificate to the broker. We reveal the cheap and costly deals. There are two type of shares you can buy and sell.
If you need help with selling your shares without a certificate you can post your legal need on upcounsels marketplace. If you determine an old stock certificate belongs to a long bankrupt company for instance you may not be able to sell the shares it represents. Sign the certificate over to the brokerage firm. Call computershare and they will walk you through the process.