What is the BNY Mellon Share Selling program?
BNY Mellon’s share selling program is operated by BNY Mellon as a transfer agent, not a broker. The purpose of the program is solely to facilitate sales of SAIC, Inc. stock held within BNY Mellon’s Equity Holding’s application and participation in the program is different than selling shares directly through a broker. In its capacity as transfer agent, BNY Mellon will accept your sale request and act as an intermediary between you and the broker who sells the shares. Limit orders, where the seller sets a price for the shares to be sold, are not available through the BNY Mellon share selling program. Stockholders who want to use limit orders in selling stock need to make such arrangements through their broker. Selling programs are often most attractive to stockholders with small account balances who do not have their own broker. Stockholders should consider the pros and cons of selling shares through this program compared to selling shares through their own broker. For more information
Related Questions
- Will the new functionality that will be available for selling shares directly from my ESPP account be available in the share selling program from my BNY Mellon Equity Holdings account?
- Is the functionality for selling shares directly from my ESPP account available in the share selling program from my BNY Mellon Equity Holdings account?
- What is the BNY Mellon Share Selling program?
