Lost Stocks and Mutual Funds:

The Securities & Exchange Commission (SEC) estimates over 3 million stockholders are entitled to unclaimed stock worth in excess of $10 billion. Additionally, $millions in stock dividends go uncashed each year. A wave of corporate mergers, acquisitions, restructurings, share spin-offs and name changes in the past decade has significantly increased the amount of lost stock and unclaimed dividends.

If you or a family member was a stockholder in a company that went thru a merger or was bought out, you may likely be entitled to recover spin-off shares, cash or dividends from the restructuring. There is basically no time limit to recover your unclaimed stock or cash dividends. However, a government custodian can liquidate stock shares and any future appreciation and dividends could be lost.

As referred to in the Life Insurance report, the largest single source of unclaimed stock has resulted from the recent demutualizations of major life insurance companies, such as Metropolitan Life, John Hancock Co. and MONY Group (see others). Demutualization is the process of converting a mutual life insurance company that is owned by its policyholders, into a publicly traded stock company owned by shareholders. John Hancock alone has over 40 million shares of stock worth in excess of $2.5 billion - that have gone unclaimed.

Our memebership database and resources gives one access to locate and to claim your lost securities.

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