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selling shares

lak · 2021-11-23 20:20:19

Hi,i've had the opportunity to buy shares from my employer(south korean)through my company share scheme.After 3 years they have matured and should be ready to sell but the company have told me they cannot sell as the broker does not hold a license to sell the shares in south korea.They origionally gave me a timeframe of…

23-11-2021 9:20pm

#1

lak

Registered Users Posts: 37 ✭

Join Date: October 2013

Posts: 35

Hi,i've had the opportunity to buy shares from my employer(south korean)through my company share scheme.After 3 years they have matured and should be ready to sell but the company have told me they cannot sell as the broker does not hold a license to sell the shares in south korea.They origionally gave me a timeframe of about 6 months to sort this out and have since put this out another 6 months.Since the shares belong to me is there anything i can do to speed this up.Would the broker not have ensured they could sell those shares at the time of purchase?
All help is appreciated

0

Comments

#2 26-11-2021 9:40pm

daheff

Registered Users, Registered Users 2 Posts: 5,896 ✭✭✭

Join Date: March 2008

Posts: 5672

Sounds dodgy as hell. How did the broker get shares in the first place if they don't have a license?

Best to look at other brokers and ask them specifically if they can buy/sell the shares of your company if you were to transfer them to the brokerage.

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