Helping a transfer agent meet sec deadlines

The problem:

A major transfer agent had a file with thousands of lost accounts in jeopardy of breaching the SEC mandated time constraints for new address searches..

The process:

Given the tight deadline and the importance of keeping this client compliant with federal regulations, EquiSearch staff reprioritized workflow to ensure the searches were completed. We ran automated searches using a comprehensive database containing over 1900 sources, including the three major credit bureaus. An intensive manual search process by trained researchers completed the process

The solution:

EquiSearch sent confirmation letters to lost shareholders, including certified mail to shareholders in certain states and due diligence mail sent to shareholders in foreign locations. The client was updated both informally and through customized reports, which included weekly address updates capturing account holder confirmations and/or RPOs.

Cost to client

None. EquiSearch received fees solely from eligible lost asset holders, only upon recovery.

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