Depositing stock certificates into your account is easy. Just open an account with the Dedicated Broker.
We accept stock certificates deposits from NYSE, NASDAQ, OTCBB and Pink sheets issuers (the company whose
shares you are depositing). All stock deposit or certificate deposit will be reviewed by our compliance
department prior to completing your stock deposit.
Stock DepositYou can also transfer a stock or bond certificate from another institution into your securities brokerage account.
All stock deposit or stock certificate deposits must be signed by all registered owners in the same manner in which the names appear on the front of the certificate. Signed Stock and Bond Powers may be used in place of signatures on the certificates.
The steps for stock deposit vary depending on the particular situation;
1. Large company issuers.
2. OTCBB or pink sheet issuers.
3. The quality of the issuer.
4. The shares are restricted.
The process of transferring certificates for restricted securities is more complicated. In order for us to remove the restriction after the security is transferred (for a fee), you will need to have an account with our dedicated broker and send a letter authorizing us to do so.
1. Sign the certificate on the back exactly as the name appears on the front of the certificate, and appoint First Southwest Company as attorney. Please include your account number on the certificate.
2. Send your certificate by overnight mail to:
Kensington Capital Corporation
4910 13th Avenue
Brooklyn NY 11219
For your records, keep the following information about the certificate, in the event that it is lost in the mail you will be able to track them easily;
Verify that your certificate was deposited into your account. Once the stock deposit was done and the certificate is booked in your account, it will no longer exist in physical form. Instead, the securities will be registered in street name and held by our clearing agent in your account.
Please make certain to keep the following information:
The address you sent it to
Copy of the certificate
If you wish to complete a restricted stock deposit click here for more info.
For more information on stock deposit.
We reserve the right to review your stock deposit and make certain it complies with all regulations.