2022 Unclaimed Property Year-End Round Up
The OPTIMIZER’s Riskiest Internal Control Issue of All! BY JENNIFER BORDEN, ESQ. BORDEN CONSULTING GROUP Multi-year audits and litigation are now the norm, whereas prompt payment to owners is not. The unclaimed property (“UP”) landscape over the last year has been...Unclaimed Property: One of the Hottest Issues for Issuers of Securities in 2018
An Interview with John Buonomo, Senior Vice President, Issuer Services at AST
Audits & Opportunities
Unclaimed Property Compliance Update. A review of the current unclaimed property enforcement environment and recent legislative developments.
Carl Hagberg’s Comments to the SEC – Transfer Agency Industry
After almost 30 years of no action, the SEC asked for comments on a “mega-list” of proposed initiatives to regulate the transfer agency industry, which has changed beyond recognition…
Huge News On The Abandoned Property Front
As we just learned at the SSA conference in July, a sweeping re-draft of the so-called Uniform Abandoned Property Act has been approved, that would, among other things, call for state treasurers to wait at least three years before selling any “underlying securities” deemed abandoned…
Out Of Our In-Box: Whistle Blowers Spark Lawsuits Against The Four Big ADR Depositary Banks
And Promise A Film On “The Biggest Financial Industry Cover-Up In History”
Messin’ With Mary Jo: She and The SEC As A Whole–Face A Firestorm Of Criticism
“I am disappointed that you have not been the strong leader that many had hoped for and that you promised to be” Senator Elizabeth Warren (D-MA)
The SSA And STA File Joint Amicus Brief With The US Supreme Court RE: State “Takings” of Abandoned Property
Three cheers for the Shareholder Services Association and the Securities Transfer Association for taking the initiative here!
Think That Abandoned Property Is Not A Big Deal For You Or Your Company? Think Again
In March of this year, plaintiffs JLI INVEST S.A., and LIN INVEST S.A., filed suit in Massachussetts against Computershare Trust Company and related subsids, Idenix Pharmaceuticals, Merck and Co. and a Merck subsid…
Plains All American Pipeline Sues Delaware Over Abandoned Property Audit
Plains, a Delaware limited partnership, has filed a lawsuit seeking a declaratory judgment and injunctive relief from the state-initiated unclaimed property audit.
Warning: State Abandoned Property “Auditors” Are Running Rampant And Creating Big Risks For Public Companies…
Your editor went to the annual meeting of the Midwest Securities Transfer Association a few months ago, where he was stunned to learn that third-party abandoned property “auditors” were suddenly propagating like flies on a big, fat, abandoned pie…
Shareholder Services Association to Ring Closing Bell at the New York Stock Exchange
The Board of the Shareholder Services Association (the “SSA”) will have the honor of ringing the iconic New York Stock Exchange closing bell at the end of trading on Wednesday, May 18, 2016, in celebration of the SSA’s 70th anniversary.
Finally… Some Long Overdue Action On Sellers And Users Of “Early Peeks” At Market-Moving Info – And On Those Fast-Traders… “Rigged”… Can You Believe It? Are You Surprised?
Whoopee! After the press began to shine increasingly strong spotlights on the collection, sale and use of advance looks at potentially market-moving data…
The Supplier Scene 2014
Boom! The acquisition by number-one T-A Computershare of Registrar & Transfer Company’s stock transfer business – along with its Commerce Financial Printers unit and R&T’s relatively new Eagle Rock Proxy Advisors business – dropped with a big loud bang in May
Unclaimed Property And The Real James Brown
“Ah Feel Gooood!” – Finding The Real James Brown, And Reuniting Him With Almost A Half-Million Dollars In Unclaimed Property…A Nifty Story – And One That’s Still Contains A Valuable Takeaway On Abandoned Property
SSA Update From Board Member Alvin Santiago
An update from Alvin Santiago, SSA Board Member and Manager, Treasury Service, Fortune Brands Home Security Services.
Keane Acquires UPRR Creating The Most Experienced Firm Dedicated To Unclaimed Property Compliance
An Interview with Mike O’Donnell and Melissa McCarthy
Stock Splits: With So Many Stocks At Or Near Record Levels, Why So Few In Recent Years?
We mentioned in our last issue that we were overdue in covering stock splits – or, more precisely, the notable dearth of splits there’s been over the last few years – even while more and more seemingly split-worthy stocks are at or near record price levels…So here’s our promised update:
Unclaimed Property Abroad: A New Target For Auditors?
Reflecting our global economy, many shareholders of today’s public corporations live in countries other than the United States.
State Treasurers Give Some New Protections To Shareholders Alleged To Be ‘Lost’… But Many Predatory Practices Continue Unabated
An Interview With Jennifer Borden, Executive Vice President And General Counsel Of UPRR
Keane Takes The Lead In Helping Companies Navigate The Delaware Voluntary Disclosure Agreement
A new voluntary Disclosure Agreement (VDA) initiative established by Delaware Governor Jack Markell has been a hot topic for companies with unclaimed property reporting obligations to the state of Delaware. Senate Bill 258 (SB 258) was signed into law by the...Highlights From The Society And SSA Annual Conferences
You may have noticed that this issue of the OPTIMIZER is way late, as our 2nd Quarter issue usually is – so we can report a few highlights of the industry’s two best conferences…
“Buy And Hold” Investing Dying, Or Maybe Dead? Let’s Check With The Grandkids
So What Can We Learn Here About The “Buy And Hold Model”?
The Death Of Retail Investing: Should You Care?
In our second quarter issue we noted the growing number of retail investors who believe our securities markets are being run for the sole benefit of short-term traders and speculators—and who have, as a consequence, been exiting the stock markets in droves.
