Why can't stocks be traded on ebay.com or craigslist.org or other classifieds

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Imported from previous forum

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Hi FIX folks,

Why can’t stocks be traded on ebay.com or craigslist.org etc. ie on any classifieds where for example used furniture, electronic items, books, toys etc are advertised and the web platform helps buyers meet sellers.

Sounds crazy, but curiosity got the better of me and could not resist asking.

Regards,
K. Mahesh

Disclaimer :- I am not employed by ebay.com or craigslist.org and neither do I own any stocks in these business entities. I have NOT obtained permission to use their names. They have been used here as examples only and any of the hundreds of thousands of other classified platforms could be used instead.

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[ original email was from John Harris - john.harris@bondmart.com ]
Mahesh,

I was interviewed by Tom Steinert-Threlkeld, editor of Securities Technology Monitor, on essentially this same subject several weeks ago. He contacted me after reading my comment to the SEC on the its Consolidated Audit Trail proposal. He posted the write-up (“Want Efficient Markets? Let SEC Phase Itself Out”) to his Secutities Industry Blog, here:
http://www.securitiestechnologymonitor.com/blogs/-25980-1.html

The short answer to your question is that the U.S. government forbids such trading. If you want to discuss why that is, post this question in the U.S. Regulation discussion board and I will answer you there.

Best,
John

Hi FIX folks,

Why can’t stocks be traded on ebay.com or craigslist.org etc. ie on any classifieds where for example used furniture, electronic items, books, toys etc are advertised and the web platform helps buyers meet sellers.

Sounds crazy, but curiosity got the better of me and could not resist asking.

Regards,
K. Mahesh

Disclaimer :- I am not employed by ebay.com or craigslist.org and neither do I own any stocks in these business entities. I have NOT obtained permission to use their names. They have been used here as examples only and any of the hundreds of thousands of other classified platforms could be used instead.

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Thanks for your reply John. I have started two threads

One in US regulations forum @ http://fixprotocol.org/discuss/read/513d1379

Another in International forum @ http://fixprotocol.org/discuss/read/a3a5c2bf

Mahesh,

I was interviewed by Tom Steinert-Threlkeld, editor of Securities Technology Monitor, on essentially this same subject several weeks ago. He contacted me after reading my comment to the SEC on the its Consolidated Audit Trail proposal. He posted the write-up (“Want Efficient Markets? Let SEC Phase Itself Out”) to his Secutities Industry Blog, here:
http://www.securitiestechnologymonitor.com/blogs/-25980-1.html

The short answer to your question is that the U.S. government forbids such trading. If you want to discuss why that is, post this question in the U.S. Regulation discussion board and I will answer you there.

Best,
John

Hi FIX folks,

Why can’t stocks be traded on ebay.com or craigslist.org etc. ie on any classifieds where for example used furniture, electronic items, books, toys etc are advertised and the web platform helps buyers meet sellers.

Sounds crazy, but curiosity got the better of me and could not resist asking.

Regards,
K. Mahesh

Disclaimer :- I am not employed by ebay.com or craigslist.org and neither do I own any stocks in these business entities. I have NOT obtained permission to use their names. They have been used here as examples only and any of the hundreds of thousands of other classified platforms could be used instead.