Is it legal to sell my stock at any specified price to a specified person in US Market?
A request to buy or sell a stock only at a specific price or better. You’re fine with keeping the stock if you can’t sell at or above the price you want. A market order that is executed only if the stock reaches the price you’ve set. You want to sell if a stock drops to or below a certain price.
Can you sell your stock to a specific person?
Stocks can be given to a recipient as a gift whereby the recipient benefits from any gains in the stock’s price. Gifting stock from an existing brokerage account involves an electronic transfer of the shares to the recipients’ brokerage account.
Can I set a stock to sell at a certain price?
Limit Orders
Similarly, you can set a limit order to sell a stock when a specific price is available. Imagine that you own stock worth $75 per share and you want to sell if the price gets to $80 per share. A limit order can be set at $80 that will only be filled at that price or better.
How do you sell a stock at a certain price above the market?
A stop order, also referred to as a stop-loss order is an order to buy or sell a stock once the price of the stock reaches the specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A buy stop order is entered at a stop price above the current market price.
Is short selling against the box legal?
The Taxpayer Relief Act of 1997 (TRA97) no longer allowed short selling against the box as a valid tax deferral practice. Under TRA97, capital gains or losses incurred from short selling against the box are not deferred. The tax implication is that any related capital gains taxes will be owed in the current year.
Can I sell stocks to a friend?
Here are the rules: You can’t be selling shares to a family member. You or a family member must have owned the shares during the 24 months before the sale. At least 50 percent of the company’s assets in that 24-month period must have been used for business purposes in Canada.
Can a company sell your shares without your consent?
Your broker cannot sell your securities without getting permission from you. A financial advisor needs the proper authorization to execute any transaction on your brokerage account. Whether it is buying a stock, selling securities, or moving money around, unauthorized trading is a very serious legal violation.
Can you sell a stock if there are no buyers?
When there are no buyers, you can’t sell your shares—you’ll be stuck with them until there is some buying interest from other investors. A buyer could pop in a few seconds, or it could take minutes, days, or even weeks in the case of very thinly traded stocks.
What is trigger price?
(ˈtrɪɡə praɪs ) if a commodity reaches a trigger price, its price, or the conditions governing its sale are changed; a price at which certain consequences ensue. Unfortunately, the trigger price was set so high as to make a rebate all but impossible. Collins English Dictionary.
What is a limit sell?
March 10, 2011. A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order is not guaranteed to execute.
What is the T 35 rule?
With respect to “delivery against payment” transactions, the broker-dealer has up to 35 calendar days (T+35) to obtain payment “if the security is delayed due to mechanics of the transaction and is not related to the customer’s willingness to pay.”
Does selling short against the box lock in a gain?
Note that when you short against the box, you have locked in your gain or loss, since for every dollar the long position gains, the short position will lose and vice versa.
Is short squeeze legal?
Short squeezes are illegal. Any brokerage that knowingly allowed a short squeeze to continue without taking action, could have potentially massive legal liabilities.
Can you privately sell public stock?
To sell private company stock—because it represents a stake in a company that is not listed on any exchange—the shareholder must find a willing buyer. In addition, a sale of private stock must be approved by the company that issued the shares. Some companies may not want their shares to be widely distributed.
Is it illegal to trade stocks for someone else?
The short answer is: no. You can’t trade stock for someone else. That’s illegal unless you’re an investment professional. There are a lot of legal requirements to manage other people’s money.
How do I avoid paying taxes when I sell stock?
5 ways to avoid paying Capital Gains Tax when you sell your stock
- Stay in a lower tax bracket. If you’re a retiree or in a lower tax bracket (less than $75,900 for married couples, in 2017,) you may not have to worry about CGT. …
- Harvest your losses. …
- Gift your stock. …
- Move to a tax-friendly state. …
- Invest in an Opportunity Zone.
How much money can a person receive as a gift without being taxed?
R100 000 per year
Donations by natural persons not exceeding R100 000 per year are tax free. The donation takes effect when all the legal formalities for a valid donation have been complied with. Donations tax applies to any person (for example: individual, company or trust) that is a South African resident.
Does selling stock count as income?
Profits from selling a stock are considered a capital gain. These profits are subject to capital gains taxes. Stock profits are not taxable until a stock is sold and the gains are realized. Capital gains are taxed differently depending on how long you owned a stock before you sold it.