If you lose your stock certificate, don’t worry—for the majority of stocks, you still own your shares even without the paper certificate. You will most likely need to provide a Florida Lost Stock Certificate Surety Bond. Follow the steps below to get your certificate replaced.
First, you must notify the transfer agent of the loss. The transfer agent will place a “stop transfer” on the certificate. This is to prevent others from cashing it in. The transfer agent or the broker-dealer will then notify the SEC of the lost or missing certificates.
To replace your lost stock certificate, a “lost instrument bond” for a stock certificate is required by the issuing company. This bond is a third-party guarantee against financial loss for the company. Learn more about what the bond does and why it’s required.
In addition to our easy to use, online application, Surety1 is staffed by a team of 15 surety bond professionals. All we do are surety bonds. In most cases, Surety1 will save you money from what the transfer agent’s bond facility will charge you for a Florida Lost Stock Certificate Surety Bond. The premium is a one time fee and is based on the value of the stock at the time the transfer agent places a stop on the shares. While the bond is open penalty, the premium is based on the stock value.
Surety Solutions Insurance Services, Inc. (Surety1) has been providing lost stock certificate bonds since 2003. The company is licensed in all 50 states and maintains an A+ rating by the Better Business Bureau. Surety1 represents over a dozen “A” rated surety bond companies.