Policy overview
The sale of shares, stock or other securities is not permitted on eBay.
Activity on eBay is required to follow this policy, the eBay User Agreement and all applicable laws, as well as respect the rights of third parties. If it doesn’t, eBay may take action consistent with applicable laws and the eBay User Agreement, and may even be legally required to do so. Such actions may include, as an example only: Removing the listing or other content, issuing a warning, restricting activity or account suspension.
Some Examples
Examples of items not allowed on eBay:
- All shares, stocks, debentures, bonds, options, derivatives, and investment interests in any entity or property, including but not limited to companies or partnerships or collective investment schemes or business trusts, other than the exceptions permitted below for cancelled certificates and single-share gifts.
- Credit (for example, you may not sell $1,000 in credit to a buyer).
- Solicitations to invest money in any business venture.
- Any portion of an ongoing business.
- 100% of any ongoing business if the sale involves a transfer of any stock in that business.
- Documentation that represents proof of a current investment interest in any entity.
- Notes (except as specifically permitted under our Real Estate Rules).
Some business-related items are not "securities" and may be listed on eBay. Please note, however, that dealing in some of these items may require other Government approvals or licences. Please consult an attorney for legal advice on relevant legal requirements for any of these. Examples of items that can be sold:
- 100% of the assets of a business (inventory, lease, good will) where no transfer of stock is involved.
- Information about how to start a business.
- Any sale of inventory, leases, fixtures.
- "Turnkey" businesses such as vending machines or windshield repair kits.
- Tools used for a business, such as silk screening machines or photo mug equipment.
- Web sites or domain names.
- Old or collectable stock certificates, provided that such stock certificates are cancelled or represent an interest in an entity that no longer legally exists.
- Single-share stock certificates marketed for gift purposes rather than investment purposes, provided that the certificates are marked and advertised as non-transferable, the ownership is not transferred into the name of the purchaser, and the minimum sale price is more than twice the current exchange trading price of the underlying single share security.
Additional information
Users in Malaysia who wish to learn more about the SC, its role and functions, and relevant legislation and regulations should visit the Web site of the SC.
Dealers in securities are licensed by SC under the Securities Industry Act 1983 and futures brokers are licensed by the SC under the Futures industry Act 1993.
Why does eBay have this policy?
The Securities Commission Malaysia (“SC”) is the regulatory authority in Malaysia which regulates the dealing in shares, securities and other specified investments, and other specified types of investment activity. The SC has a number of regulations which place substantial restrictions on an eBay user's ability to sell such items on the Internet through eBay, and/or to carry out such investment activity, and therefore eBay does not permit such dealings