Please contact Broadridge to report the loss if you cannot locate one or more of your stock certificates. A “stop transfer” will be placed on the lost certificate(s) to prevent them from being fraudulently transacted upon. If you locate the lost certificate(s) later, you can submit a Stop Release Letter to remove the stop transfer.
In the event of loss, a surety bond may be required to replace the certificates. A surety bond is typically obtained by paying a premium to the surety company equal to 2% or 4% of the current value of the shares requiring replacement. A Lost Certificate Administrative fee will also be assessed. Broadridge will assist with obtaining a surety bond from our independent insurance provider, The Chubb Corporation, or you can secure one on your own. Once you notify us of your certificate loss, we will initiate the process for you and then ask that you finalize the paperwork and submit the appropriate payment for processing.
If you choose to obtain your surety bond, please note the following requirements:
- An open penalty surety bond is required;
- Broadridge and the issuer must be listed as obligee (a person to whom another is bound by contract or other legal procedure);
- The bond insurance company must be licensed to do business in the State of New York.
- The Broadridge administrative fee must be submitted.