Sell Shares Without a Broker - Sell My Shares (2024)

FAQs

Can I sell my shares without a broker? ›

For issuer-sponsored shares, that is, shares you hold via a direct relationship with the company you hold shares in, you can use a simple online broking service like Sell My Shares to facilitate the sale of your shares. This isn't the same as having to establish a relationship with a full-service stockbroking firm.

A Broker Can't Sell Your Investments Without Your Permission, Unless… Brokers cannot liquidate a client's position unless it is a margin or discretionary cash account. Most clients do not own a discretionary account. They operate non-discretionary (self-directed accounts).

The key word in this definition is “reasonable.” This means that a broker cannot simply sell stocks without your permission because they feel like it. There must be a reason for the sale, such as an expectation of a market decline or other adverse event that could impact the value of the security.

The answer is usually no, but there are vital exceptions. Shareholders have an ownership interest in the company whose stock they own, and companies can't generally take away that ownership.

If you hold shares directly, you can sell them by placing a trade online or contacting your broker. You pay a fee each time you make a trade. You exchange the legal title of ownership when you sell shares.

Can I sell shares through Computershare? Yes. You can sell shares in companies for whom Computershare is the transfer agent directly through Investor Center.

However, chances are that your broker did nothing wrong at all. Instead, you may have been subject to selling in an account where the broker had discretion to place trades, or you had a margin account that experienced sufficient losses to warrant an unmet margin call.

When there are no buyers, you can't sell your shares—you'll be stuck with them until there is some buying interest from other investors. A buyer could pop in a few seconds, or it could take minutes, days, or even weeks in the case of very thinly traded stocks.

Most investors own stock in street name because it's the most convenient. When you own stock in street name, your broker holds them. The shares are listed in your broker's name and the broker assigns ownership to you.

Unless there is a contractual agreement to the contrary between the stockholders, any individual shareholder can refuse to sell his or her stock. In some cases, a buyer can use a merger to buy a corporation with a reluctant stockholder.

What happens to my stocks if broker goes under? ›

Overview. Typically, when a brokerage firm fails, the Securities Investor Protection Corporation (SIPC) arranges the transfer of the failed brokerage's accounts to a different securities brokerage firm. If the SIPC is unable to arrange the accounts' transfer, the failed firm is liquidated.

Generally, a shareholder can refuse to sell their shares, per the terms of the agreement. If there is no agreement or the agreement doesn't have a buyout clause, then the shareholder may be forced to sell their shares.

When a company is sold, shareholder agreement may be cashed out at the time of sale, or they may continue to own shares in the new company. In either case, they may see a return on their investment. If the new company is successful, shareholders may see the value of their shares increase.

First, contact the company to obtain permission to sell your shares. Also, you'll need agreement on the manner of sale. The company can provide you with a valuation of its stock. Next, you'll need to find a buyer.

With clawback or repurchase rights, after a triggering event, the company has the right to repurchase vested shares, whether exercised or not. The repurchase price is typically the lesser of the exercise price or the current value of the stock.

Most people looking to sell shares will do so via a brokerage, like IG or Hargreaves Lansdown. Most brokerages in the UK offer investors the options of selling shares online, on an app or over the phone. It's worth noting that the last option can incur substantial fees for the service.

Investors can cash out stocks by selling them on a stock exchange through a broker. Stocks are relatively liquid assets, meaning they can be converted into cash quickly, especially compared to investments like real estate or jewelry. However, until an investor sells a stock, their money stays tied up in the market.

You may also request a sale by calling Computershare at the telephone number appearing on your statement or transaction advice or by sending a written request to Computershare. A service fee of $15.00 plus a processing fee, currently at $0.12 per each whole share and fraction sold, will be charged for each sale.