Investor Event

Charles Stanley Halts Certificated Dealing

This blog gives you the latest topical news plus some informal comments on them from ShareSoc’s directors and other contributors. These are the personal comments of the authors and not necessarily the considered views of ShareSoc. The writers may hold shares in the companies mentioned. You can add your own comments on the blog posts, but note that ShareSoc reserves the right to remove or edit comments where they are inappropriate or defamatory.

Charles Stanley, one of the larger traditional retail stockbrokers, has advised its clients that it will soon cease support of certificated trading. Those retaining paper share certificates because they appreciate the rights associated with being on the share register of a company will be moved into nominee accounts, unless they choose to transfer their business elsewhere.

We have updated the page on the ShareSoc web site which lists alternative suppliers of certificated dealing and personal crest accounts which is here: brokers

One advantage of certificated dealing is of course that you can move to another broker with ease, and without paying any charges.

We are still awaiting proposals, and the associated public consultation, on what the Government plans to do on the general issue of developing a replacement low cost electronic share registration system.

Roger Lawson

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