Replacing lost stock certificates can be a complicated and expensive process; therefore, we recommend that shareholders search their records or contact their broker in a final attempt to track down the certificates before filing for a replacement.
Lost Certificate Replacement Process
Step 1: To initiate the replacement process, please send the Lost Securities Form Letter from the shareholder explaining the details and circumstances of the lost certificate. This letter must be returned to Global Security Transfer Inc. via fax, US Mail or email. This initial step authorizes Transfer Securities Inc. to place a stop on the certificate.
Please note: Shareholders that authorize Transfer Securities Inc. to begin the replacement process and subsequently find their lost certificate before fully replacing the certificate will be subject to a $50.00 recovery-filing fee to reactivate the stock.
Step 2: Upon receiving the Lost Securities Form Letter, Transfer Securities Inc. will send instructions and two lost securities insurance bond affidavits to the shareholder. Both affidavits need to be signed, notarized, and returned to our office with the appropriate fees paid by cashier's check or wire before we can issue a replacement stock certificate. In most circumstances, we can issue a replacement stock certificate within 1-3 business days after receiving the affidavits and cleared US funds. If the stock value exceeds $50,000, the registered holder will need to provide supporting financials of at least 2 times the value of the stock. A co-signor may also provide supporting financials if the registered holder is unable to do so.
Fees: Please consider the market value and liquidity of your stock before beginning the process to replace your certificate. The fees associated with replacing a lost certificate include an open-ended surety bond, based on a percentage of the market value of the stock.
If your certificate(s) were lost by the postal service you may be eligible to file a mail loss bond to replace them. Please call Transfer Securities Inc. to find if you are eligible. As always, we strongly recommend that stock certificates be sent and returned via courier service (Federal Express, Airborne Express, United Parcel Service, certified mail, etc).
Finding a Lost Certificate
Shareholders that authorize Transfer Securities Inc. to begin the replacement process of a lost certificate and subsequently find their certificate will be subject to a $50.00 recovery-filing fee to reactivate the stock. To recover their lost certificate with Transfer Securities Inc., shareholders will need to send the applicable fees and a signed letter stating that the certificate was found. Once this letter is received, Transfer Securities Inc. will reactivate the certificate and remove the stop
For more information regarding our lost certificate replacement procedures, please contact us.
410 Park Ave, New York, NY 10022
Phone: +1 646 123 1234
Monday-Friday: 8:00am to 4:30pm