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I have an amount of money and I wish to buy stocks, what should I do?

First, you open an account at a licensed brokerage firm. You may find a list of licensed firms on the SCFMS’s website with all contact information. When consulting the customer care employee, make sure to be well informed of the stock exchange, the firm, the procedures of opening an account, and your identification at the Clearing and Central Depository Center in order to get your own investor ID number. Provide the firm with true data about yourself. Read the agreement of dealing in securities thoroughly before signing it to be fully aware of your rights and obligations. Having opened an account and been identified at the Center, you may contact your broker to authorize him to buy you stocks whose value has been already deposited by you in your cash account at the firm.

Brokerage Firms