Replacing lost investment certificates have typically been a complicated and costly process, but Hudson Depository Clearance Center can often replace or liquidate lost or stolen certificates quickly for a nominal fee.
Online PR News – 07-March-2013 – British West Indies – By signing and transmitting a secure form provided by our client representatives, the process of cancelling a certificate can occur on the same day. Clients provide investment and transaction details on the form as well as the circumstances of the loss.
Upon payment of a small fee (waived for premium accounts), Hudson Depository Clearance Center will begin the replacement process, or at the clients option, replace and liquidate. In either case the client account is credited within one week in most cases. The process will likely be more lengthy in the case of thinly traded or defunct investments. There are also potential third party processing delays if the registered transfer agent is not immediately responsive.
To avoid losses in future, always send certificates through registered and insured mail or courier. Utilize the safe-keeping services of your investment professional or financial institution. If you insist on holding certificates personally, purchase a professionally installed quality fireproof safe, and store photocopies of the contents including each certificate in a separate secure location.
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