If I had my broker send me my stock certificates how difficult would it be to sell those shares later on?
would I have to ship them back to my broker first or to the new buyer? Who would be responsible for those charges?
Answers
imgamekc answered 11 months ago …
You would have to send the certificate back to the broker when you plan on selling them as you would need to have the certificate in your account for trading
Read more from imgamekcSCOOPNJ78 answered 11 months ago …
hi, You can sell it rather quickly. BUT most online brokers charge to get certs and also to take in physical stock. Of course, you could lose them if you had them and now most people keep it with their brokers. That was not the case before the mid-80's when most wanted their certs. At that time there were a lot of old timers that rememer the post 1929 period and also the 1969-74 period when brokers went under and before SIPC. There was even a time when custodian accounts for minors had to take delivery of their stocks. That has all changed now, all members of the NYSE, NASD have at least $500,000 protection and most firms over insurance above that now
Read more from SCOOPNJ78
