Q:

Is there a way to track lost stock shares?

A:

Quick Answer

Tracking lost stock shares involves getting in touch with a transfer agent, checking to see if the company changed its name or was acquired, and seeing if the stock has been escheated, according to Zacks. It's best to make sure the stock holds value on the market before recovering it, because of fees involved with recovering it and issuing new ones, if necessary.

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Is there a way to track lost stock shares?
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Full Answer

A transfer agent may be able to issue new share certificates, notes Zacks. Legal forms have to be submitted and fees must be paid before the certificate can be sent out. Most transfer agents require the submission of a legal testament stating the share was lost, and a surety bond also has to be purchased to protect against fraud.

Companies that held old stocks owned by deceased relatives might have been acquired or do business under different names, according to Zacks. The Financial Industry Regulatory Authority, brokerage firms and the Securities and Exchange Commission can help an individual track down a lost share and deal with transfer agents as well.

The owner of a safe deposit box that contains stock certificates may have those certificates placed in escheatment if he moves without claiming the certificates and cannot be located when the box is cleared out, notes Zack. The Social Security number or tax ID of the stock owner is needed to see if the stock is in escheatment.

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