Keep your state from stealing your stock!
Abandoned property laws in the U.S. require all shareholders to keep their account information current to avoid shares and/or funds from being turned over to the state as a result of an account being deemed abandoned or lost. All companies in the U.S., including the transfer agent for your stock, are required to follow these abandoned property laws and regulations.
The problem is that financially-strapped states are getting much more aggressive (too aggressive in our opinion) about going after property by changing the definition of what is considered abandoned. The process of taking this property is called “escheat” which seems appropriate because the way states are handling it seems like cheating to us.
The way to keep this from happening to you is to make sure that you take proactive steps to show that your account is active.
For stocks, one of the most important things to remember is to keep your transfer agent (this is who your company uses to handle all their shareholder stuff) informed of any address changes to make sure you get all communication. It’s also a good idea to set up on-line access to your stock account at the transfer agent website. In addition, do one of the following things at least every two years:
- If you get dividend checks, make sure you cash them in a timely manner, no matter how small they may be.
- You will get a proxy on an annual basis. Make sure you vote your proxy. You can do this on-line, by phone, or by mail and it only takes 2 minutes.
- Make some sort of contact with your transfer agent via phone, email, or mail. This will generally be logged as activity.
If your stock has already been escheated, all is not lost, you can still go through a process to claim your property. Each state has a website where you can search unclaimed property to see if any is yours. Note that if the state escheated your Apple stock 10 years ago, you will only get the proceeds of the liquidated stock at the time they took it – never mind that Apple has soared in the meantime including stock splits.
For more information and useful links go to the escheat page at GiveAshare.com.
Fiat Chrysler CEO says the Ferrari IPO is expected in the second half of October per Reuters.
Sign up to keep informed about when you can buy Ferrari stock at GiveAshare.com
More Ferrari stock info:
My favorite quote related to the Ferrari IPO:
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Great news, the Ferrari IPO is expected in October!
So when it happens, you can buy a share of Ferrari stock right here at GiveAshare.com.
Ferrari is among the world’s leading luxury brands most recognizable for its luxury performance sports cars. 90% of Ferrari is owned by Fiat Chrysler which intends to spin it out into its own publicly traded company giving us all a fantastic opportunity to own this iconic company. The other 10% is owned by Piero Lardi Ferrari, the son of Enzo Ferrari.
If you want to be notified when Ferrari stock is available, email us.
More to come.
Martha Stewart Living Omnimedia Inc. just announced it will be acquired by Sequential Brands Group Inc. in a cash-and-stock deal valued at $353 million. Buy a share of Martha Stewart Omnimedia stock while you still can. As you would expect from anything related to Martha Stewart, the stock certificate is absolutely beautiful and positively unique.
We will remove the shares from our stock list as we get closer to the merger date.
You can now buy one share of Etsy stock at GiveAshare.com in just two minutes! The company, an online marketplace for handmade products and craft supplies, is going public tomorrow at a price of $16 per share. The company is valued at $1.78 billion and raised $267 million in its initial public offering.
In 2014, Etsy’s revenue increased 56 percent to $196 million. Despite the drastic increase, the company still has yet to return a profit due to increased marketing expenses in recent years. Etsy CEO Chad Dickerson told shareholders in a letter that the company’s focus goes far beyond profitability.
“I believe that Etsy can be a public company that holistically integrates the concerns of people and the planet, the present and the future, profitability and accountability,” he wrote.
The Etsy IPO is the largest ever of a certified B-Corporation, a company that meets stringent social and environmental standards.
The company will be listed on the Nasdaq under the ticker symbol “ETSY.”
Oneshare.com appears to be out of business. Over the last several months, we have been contacted by many Oneshare.com customers who bought Disney stock from them, had their credit card charged, and never got their share. Unbelievable! It’s hard to understand how a company could do something like that to customers.
To all previous Oneshare.com customers:
We would like to be your source for one share stock gifts. At GiveAshare.com, you will find an outstanding selection of stocks and get unparalleled customer service. Let us welcome you and introduce you to our business.
GiveAshare.com is part of Leading Edge Gifts LLC. We are a family-owned, reputable business based in Arizona. We treat people the way we want to be treated. We started GiveAshare in 2002, although we had the idea way back in the 1970’s giving friends and family shares of Boston Celtics stock as gifts. In the 1980’s we contacted the SEC and actually did some test marketing – BEFORE the internet. It was an absolute flop! In 2002, we tried again with a crude website that we were pretty proud of at the time – it was a huge hit!
Fast forward 12 years. We are #1 in one share stock gifts because of our clever offerings, streamlined process, friendly customer service, and because we diligently comply with all SEC requirements. Over that time we have brought new innovations, many new and exciting stocks, and published the I’m A Shareholder Kit intended to improve the financial literacy of kids (a cause we feel very deeply about).
Give us a try – you will be glad you did.
Sincerely
GiveAshare.com
