stocks

Stock Market Watch and Updates

RSS   |   ATOM

Posts by Date

Other Categories

Search 
 

Trying to deposit your stock but you can’t find a Brokerage Firm to accept your certificate

Posted on 2/28/2012 1:28:17 PM in #Stocks | 1 comments comments

 

Depositing stock certificates has become somewhat of a challenge these days. It isn’t like going to a bank and depositing your check from your job if you make minimum wage. No these days if your stock isn’t trading on an exchange that a brokerage firm deems reliable they simply won’t take your certificate for deposit.


Where does that leave you? Maybe you bought shares in a company that has been de-listed off of an exchange where the share price use to be what some broker dealers may claim respectable.But really what do you care you have shares in a stock and you want to be able to do what you want with them when you want but it isn’t so easy anymore.


With broker dealers taking more of a hands off approach to accepting stock certificates in low price stocks that may trade on the OTCBB or Pink Sheets these companies are often pushed to the side making it difficult to locate a firm that will accept your certificates and eventually get them cleared for you through their clearing firm.


Seems that only a few firms these days actually even accept these stocks and when they do often they come with fee conditions when they facilitate trades.


One firm OC Securities has found its niche in providing their clients with the ability to deposit most stock certificates regardless of what exchange they trade on and at what price. For some this is often a task in itself to find a brokerage firm that will even accept their certificates and facilitate transactions. OC Securities according to their website does not provide client advice leaving them out of the recommendation process and finding them to be more of a facilitator.


With very few firms out there accepting low price stocks trading on the Pink Sheets or the OTCBB OC Securities still does.

 

 

 

 

 

emptyimage

 

   |    View Hub

Bookmark and Share

 

 

Recent Comments

Posted on 3/23/2012 8:57:13 PM by tn 2011

http://www.requintn-fr.net/
http://www.requintn-fr.net/
http://www.requintn-fr.net/
http://www.requintn-fr.net/

 

 

Recent Stocks Posts

 

 

 

 

 

 

Empty Image
Copyright 2013, TransWorldNews, Inc. All Rights Reserved.    Privacy Policy  |   Report Abuse