Question by Sean Ellis: How can a Russian citizen trade on NASDAQ in Russia?
My father-in-law has some shares in a company that recently listed on NASDAQ. He has the stock certificate, but I can’t figure out how he can trade his shares (he lives in Russia). Any guidance would be appreciated.
ETrade and other online trading sites require a US social security number, so “the Internet” is a too generic to be useful.
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AlNash says
a) find a broker that provides access to NASDAQ
b) arrange transfer of shares to the broker
If your father wants to deal with a Russian broker: your father must find such a Russian broker that is able to trade in NASDAQ (there're about 3-5 such brokers in Russia I believe). Then he must somehow transfer his shares to his account with the broker. For example try http://multiexchange.finamrus.com/EN/stocks/intro… .
With a non-Russian broker it is nearly the same thing, especially if your father is not going to send or receive any money to his Russian bank account. Not all US brokers require SSN (try interactivebrokers.com), and besides your father can find a broker in Canada, England, Singapore or elsewhere.
The best way is to call a prospective broker and personally discuss the matter with a qualified professional. This is of course too general answer, but the question you ask requires a good deal of expertise. International trading is rather complicated subject.
Mike says
The internet…
the new global phenomenon