Topic: is it posible to trade stocks on paper? (Read 943 times)

So to clarify a few things, a stock cert is issued in our name only and isn't negotiable (transferable).  You can for example sell someone you Apple shares and just sign them over for cash or Bitcoins (you could 50 years ago but not today).  To properly sell, trade, or exchange shares in cert form you must mail the cert to a broker dealer and sign the shares over to the "street" name.  The broker will then credit your brokerage account with the equivelent number of electronic shares (and charge you a hefty fee).  

Generally there is no reason to get a paper cert.  It doesn't work like you might be thinking (a bearer share) so the utility is very limited.  On the other hand the risk is substantial because if the cert is lost, stolen, or destroyed you can either be facing HUGE costs to have it re-issued or if records are incomplete or lost (often this is after years or decades where registry has changed hands multiple times by acquisitions) then you face a complete loss of the shares.  Eventually the unclaimed shares will become the property of the state.

Also any DRS capable stock (like Apple) can no longer have a cert issued.  Instead the shares will be logged in the DRS system by a transfer agent (of your choosing) in your name and the transfer agent will issue a statement of ownership.  Note: this is an SEC rule.  You won't find any exceptions.
http://www.dtcc.com/downloads/legal/rule_filings/2008/dtc/2008-08-sec.pdf

you gonna frame 'em bro?

so yes. cool thanks

https://us.etrade.com/e/t/estation/pricing?id=1203013000

just a nub question .. lol but

but when you buy a fuck load of Apple stock, can you ask them to print it out as paper?



to later redeem the stock paper for $ or trade for = value?