what is your firms policy on receiving gifts of individual company stock? not a purchase or sale or anything you initiated. e.g., i had an old trading account from years ago and received 5 shares of some random company stock for some reason the other day (some promo to get me to come back).
i dont think this is reportable unless i want to dispose of it. everything seems to hinge on initiating buy or sell transactions. i assume people may own individual stock prior to joining the firm but then need clearance to sell.
individual stock ownership vs. trading Forum
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Anonymous User
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The Lsat Airbender
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Re: individual stock ownership vs. trading
I would just report to the person in charge of your firm's policy and ask them what to do. There might be an exception for "passive" acquisition (e.g. resulting from inheritance or marriage), or they might want you to dispose of the stock or put in a blind trust or something. Either way you'd want to establish you didn't intentionally buy these shares and find out whether and how you're allowed to sell them.
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Anonymous User
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Re: individual stock ownership vs. trading
it was actually a crypto airdrop which can't be controlled (anyone can send crypto to anyone) (appears to be a scam or worth minimal value about $20). we aren't allowed to buy or sell crypto without approval, but this is not something i bought if i'm ever asked, and i havent touched it.The Lsat Airbender wrote: ↑Wed Jun 21, 2023 3:49 pmI would just report to the person in charge of your firm's policy and ask them what to do. There might be an exception for "passive" acquisition (e.g. resulting from inheritance or marriage), or they might want you to dispose of the stock or put in a blind trust or something. Either way you'd want to establish you didn't intentionally buy these shares and find out whether and how you're allowed to sell them.
i receive these every once in awhile and they are usually scams/marketing gimmicks.
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mardash
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Re: individual stock ownership vs. trading
Turns out you can also receive cash from anyone if they put it in your mailbox. I would report it and tell them it happens occassionally. They’ll give you instructions, which may include shutting down your account.
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