2007-02-10 06:05:15 · 4 answers · asked by eric k 2 in Business & Finance ➔ Investing
You can't.
A broker, whether it's an online discount broker or a full service broker, all are registered traders on the major stock exchanges.
If you have the stock certificates in your possession your best bet is to find a broker, open an account, and give them the shares to sell.
The broker will then transfer your shares over to "street name" which basically means they are available for trading on the exchange.
You can work with your broker to decide the price you want to sell the shares at and how you want your money transferred to you.
You will have to pay a fee, but normally it is deducted from the proceeds of the sale. Good luck.
2007-02-10 06:15:46 · answer #1 · answered by TheBigSquareHead 4 · 0⤊ 0⤋
You can alway ask your neighbors if they would like to buy the stock. The big advantage of a stock broker is that he finds a ready customer for your stock so you do not have to. And his fees are a lot less than realestate brokers. At TD Ameritrade you call sell $250,000 worth of stock for $10.00. Try selling a house for that.
2007-02-10 06:59:20 · answer #2 · answered by Anonymous · 1⤊ 0⤋
First check with the company's investor relations department. Many companies with dividend reinvestment plans allow you to send in the certificates and they will sell them for you. Otherwise check google for discount brokerages. BTW, just because a broker holds your stock "in street name" does not mean they are available for trading. They are available only if you give the order to sell. From www.investorwords.com - The term given to securities held in the name of a brokerage on behalf of a customer, usually done to facilitate subsequent transactions.
2007-02-10 06:31:07 · answer #3 · answered by gosh137 6 · 0⤊ 0⤋
You can't, no need a broker of some sort, He is the one who facilitates the sale, he does not buy the stock
2007-02-10 06:08:30 · answer #4 · answered by bob shark 7 · 0⤊ 1⤋