Question about BTC -> Stocks (real stocks, like NYSE)

[danieldaniel]

I'm just wondering if this would be illegal:
The buyer would send the seller BTC, and the seller would buy the stocks in HIS brokerage account.

The seller then transfers the stocks to the buyers brokerage.

Would that be illegal?  I'm not planning on doing it, but just me being curious. 

[MacRohard]

I'm just wondering if this would be illegal:
The buyer would send the seller BTC, and the seller would buy the stocks in HIS brokerage account.

The seller then transfers the stocks to the buyers brokerage.

Would that be illegal?  I'm not planning on doing it, but just me being curious. 

I'm pretty sure it would be legal, as long as everyone was properly identified and recorded.

If you withdraw shares in certificate form your brokerage you can call up the company's registrar and reassign them to anyone you want, so I don't see why the brokerages would get in the way - but I suppose they might refuse to transfer them to someone else at another brokerage.. that wouldn't be a legal issue though just the brokerage being paranoid and unhelpful.

[koin]

I'm pretty sure it would be legal, as long as everyone was properly identified and recorded.

the blind leading the blind here, but that claim is probably false.

The buyer would send the seller BTC, and the seller would buy the stocks in HIS brokerage account.

though the jurisdiction wasn't mentioned, nearly everywhere it is illegal to manage the funds of others for trading unless registered to do so (e.g., as a brokerage or as a qualified custodian)

The seller then transfers the stocks to the buyers brokerage.

in the u.s., the "travel" rule would give the full trail (including account info) of the transfer from one exchange to the next.

[MacRohard]

though the jurisdiction wasn't mentioned, nearly everywhere it is illegal to manage the funds of others for trading unless registered to do so (e.g., as a brokerage or as a qualified custodian)

agreed, however it is legal to directly sell securities that you own to someone else. You could accept BTC in such a transaction (or any other form of payment you feel like). The question is only complicated because if you have shares in a brokerage account, you don't really have them in your posession to sell so you would need to convince your broker to transfer them to your client.. that might be problematic, but you could ask your broker to send you the share certificates and then transfer them to your client yourself.

[koin]

though the jurisdiction wasn't mentioned, nearly everywhere it is illegal to manage the funds of others for trading unless registered to do so (e.g., as a brokerage or as a qualified custodian)

looking back at your question, you aren't asking the intermediary to invest for you so that person isn't really managing your funds.  instead you are probably simply looking for someone else to buy some shares, sell them to you (for btcs) and to then transfer those shares to your account.

there are people who deal with cash only and no bank account.  a family member or friend helping another by providing this assistance (as a favor, not for profit as a business) probably can do so without any interference.  keep in mind though no part of the transaction will be private as the brokerage doing the transfer will need to report the account that the shares came from.