I'm guessing one of you may know this: how would I go about selling 12 shares in a company listed on the New York Stock Exchange? I don't currently have a stock broker, or I wouldn't be asking this: I'm not looking to reinvest the money, and I already know what transaction I want to make.

ETA: No certificate, it's all recorded at the company in question. Which would be quite happy to transfer the stock into a brokerage account. So I guess we can rephrase this as "Can someone recommend a good discount brokerage for a single transaction, either online or with a NYC office?"
ckd: small blue foam shark (Default)

From: [personal profile] ckd


I'm assuming you have a stock certificate for them. When I sold some stock and didn't have a broker, I just called around a few of the in-town (Boston) discount brokerages to ask what their commissions were for that size sale, picked one, took the certificate down to the brokerage, filled out a little paperwork, signed over the certificate, and got a check not too long after. With the financial disclosure requirements of the USA PATRIOT Act there will probably be more paperwork now than there was then, but it wasn't a huge deal then. (Now I have a broker.)
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