Ask a Lawyer and Get Answers to Your Legal Questions
Restricted stock certificates customarily bear a legend identifying them as restricted. The absence of a legend does not mean that there are no restrictions on the sale of the shares. The main purpose of a restrictive legend is to prevent you from transferring ownership in violation of securities laws or contractual agreements. Certificates bearing a restrictive legend normally will not transfer until the securities represented by your certificates have either: been sold in accordance with the applicable regulatory or contractual restrictions, or are no longer subject to regulatory or contractual restrictions.
So, that being said - were you aware of restrictions of your stocks?
No restrictions were not mentioned. No word "restricted" shows on the share certificate. I am being asked to send money to Lincoln Trust Transfer Agency LLC by Northpoint M&A.
Are they genuine companies?
Would you expect an escrow account in Hong Kong? with an account name that looks like a person s name not a company?