I met a broker some months back and we agreed that he will assist me in selling my shares. He opened a cscs account for me and i recieved a trade alert that my cscs account has been opened. He also helped me in transferring my share certificates into my cscs account. Now he's about to give me a mandate form, which will mandate him to sell it. Please can anybody advise me how safe it is to do that. Is it possible for the my shares to be sold without me been informed?. Please i need your reply cos am new into the stock market trading and i dont want to be duped.

Web-master,

the 64 dollar question is: are you ready to sell your shares. if not tell him to hold on.
since you have been registered for trade alert, all sell and buy transactions on your account will be sent as an SMS to your phone. mind you the alert comes only after necessary documentations have being completed by your broker and the person buying your shares. you will definitely get an alert but it may not be timely

enjoy

simplelady,
yes i am ready to sell it. I just want to be sure that there's no way of being duped, but since u said i will always recieve an alert when its finally sold, then that will be cool.

No broker would sell your shares without your mandate , why the consequences are grave and no broker would want to risk being sanctioned by SEC for such an offence.

If it is done and you report to SEC with evidence that you did not authorize the trade and the broker cannot present your sale mandate is defence the broker is likely tobe suspended and that would cost him much finaicially and in terms of corporate image too.