Fvkin eh...I think I lost my stock certificate

[MaxDSP]

Dont know why I requested it in the first place when I placed the trade, but my dad decided to it wasn't safe in my room and put it somewhere else. Now, 3 months later, he doesn't know where he put it.

The certificate was worth about $2000 in stocks, and I want to sell my shares soon, which I cant do without physically transferring the cert. has anyone else made a stupid mistake like this, and how much did it end up costing you in time and money?

 

[JustAnAverageGuy]

I'm somewhat of an idiot in that area, but I don't think you need the physical certificate to sell your stock.

 

[MaxDSP]

Originally posted by: JustAnAverageGuy
I'm somewhat of an idiot in that area, but I don't think you need the physical certificate to sell your stock.

I need to transfer my account/shares from one brokerage to another, and the only way they can do that is if I give the new brokerage my certificate.

 

[spidey07]

contact the holding company and request a new one.

 

[Rudee]

You don't need a stock certificate to sell shares. You only need your account information. Your transaction information will also be available online through your brokerage.

 

[Miramonti]

How could you possibly get a replacement certificate? Isn't it like money, if you lose it its gone?

 

[chrisms]

I also don't think you need the certificate, unless it varies from brokerage to brokerage. I remember getting a certificate for the last stock I bought and sold, I lost it as the years went by and never had a problem selling the stock. IIRC my name was printed on the certificate too so it's not exactly like money where anyone can just pick it up and then own the stock.

 

[StageLeft]

Originally posted by: jjsole
How could you possibly get a replacement certificate? Isn't it like money, if you lose it its gone?

No, because these are technically in his name. It's not a generic owner-less thing like a bill is.

 

[Taggart]

Just do a google search. I think you have to have some sort of bond issued, and have the lost certificate cancelled, kinda like a lost check. I think you might have to hire a lawyer, too.

 

[Taggart]

Originally posted by: Rudee
You don't need a stock certificate to sell shares. You only need your account information. Your transaction information will also be available online through your brokerage.

No, if you are issued an actual certificate, then the shares are in in 'your' name, not the brokerage. It is like someone writing you a check, you can't hold the money in your account AND hold the check (that is like having double the $$).