Can a company verify I own their stock?

[JohnDoe]

Can a company legally verify that I own their stock if it's held at a brokage in an IRA?

Thanks.

[teejayevans]

Quote:

Originally Posted by JohnDoe Can a company legally verify that I own their stock if it's held at a brokage in an IRA? Thanks.

Do get the normal quarterly reports via mail?? If yes, then they already have
your address
TJ

[Texas Proud]

Quote:

Originally Posted by JohnDoe Can a company legally verify that I own their stock if it's held at a brokage in an IRA? Thanks.

Not sure what you are trying to ask... if it is can the company find out if you own some of it if held at a broker?? Yes. But why would they do it or care?

As for the other poster... even if you get mailing, that does not mean the company knows anything.. the broker does the mailing on their own lists.

[haha]

Quote:

Originally Posted by Texas Proud Not sure what you are trying to ask... if it is can the company find out if you own some of it if held at a broker?? Yes. But why would they do it or care? As for the other poster... even if you get mailing, that does not mean the company knows anything.. the broker does the mailing on their own lists.

One reason is to call you up and lobby for your vote on important proxy issues. I've been called several times over the years by some fin info contractor offering to clarify issues etc, and asking me to be sure to vote my shares in a proxy battle.

Ha

[JohnDoe]

Quote:

Originally Posted by Texas Proud if it is can the company find out if you own some of it if held at a broker?? Yes. But why would they do it or care?

That was what I was asking.

I would get a company discount for owning shares and I wanted to know if the company could determine if/when I sold them.

[Texas Proud]

Quote:

Originally Posted by JohnDoe That was what I was asking. I would get a company discount for owning shares and I wanted to know if the company could determine if/when I sold them.

That is usually not a problem.... we have a purchase discount plan (but only 5% so it is not that good)...

If you sell INSIDE the program they cut you off... but, if you have the stock issued to you and deposited in your broker account.. sell away....

The company has too much other stuff going on to check to see if you sold shares..

And my next question... why would they care anyhow? If they did not want you to be able to sell, then there should be restrictions on you selling and you could not do it anyhow.

[saluki9]

Quote:

Originally Posted by JohnDoe Can a company legally verify that I own their stock if it's held at a brokage in an IRA? Thanks.

Only if you granted your custodian permission to disclose your name. This would have been on your application.