Vanished Stocks
Hello Terri, I saw you on WGN morning news the other day, and am trying to find my stocks from an old job, I was receiving statements and heard you talking and thought Id look. I havent received a statement in quite some time and signed into the AST website and it states that they surrender my stocks on 2/12/15. I have a statement from 2/6/2015 that shows my shares? What can I do?
Terry Says
Oh my goodness. Your shares were likely "escheated" to the state because of no activity in the account. If you saw me on WGN-TV you likely live in Illinois. Here is the website to search under the name on the shares. https://icash.illinoistreasurer.gov/ Click on the link to search. And please post again and let me know if you've found the money. They likely sold the shares, and kept the cash for you -- meaning you lost the opportunity to pay any taxes at the capital gains rates. But please let me know the results of your search. If you want to know why/how this happened, please read this recent column I wrote on the subject.
