When the stock market is closed -- weekends, holidays, or any other time, can listed common stocks be bought or sold through a broker or other source? Also, should an elderly couple have common stock listed in both names or about half in each one's name? L. L.
Shares of stock in listed or over-the- counter companies cannot be traded through a broker except during hours an exchange is open.
You could trade stocks as late as 7 p.m. Eastern time by trading on the Pacific Coast Exchange or trade shares anytime with a person who wants your shares at your agreed price. Later, the signed certificates could be sent to the transfer agent for registration in the new owner's name.
Elderly or not, a couple owning shares in a variety of companies is advised to split the ownership and each own shares alone.