LINK Shareholder Services Reviews (%countItem)
LINK Shareholder Services Rating
Address: 48 Wall Street, 22nd Floor, New York City, New York, United States, 10005
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I had shares of Pep Boys stock. The company cashed out after closing and sold my shares, which came to $2,789.59. LINK sent me a Check for $2,252.75, they kept $418.44 as a processing fee and $118.40 as a lost bond fee. Nowhere in the letter did it specify the fees would he as high as $418.44 or 15%. As another complaint about this company stated, 5% is the most they should have taken, which is $139.48 in my case.
Dear Shareholder,
Attached is the documentation completed by you. The fee(s) associated with the exchanging of your shares is indicated in the first paragraph and in multiple locations throughout the document.
The "5% industry standard" fee mentioned by you, pertains to the Bond of Indemnity that we must take out and pay for on behalf of shareholders that have lost, misplaced or simply did not submit their certificate(s) for surrender, as you did.
As we have completed our end of the agreement and the fee(s) are stated throughout the Form and Q & A which you completed, we respectfully decline your request for a refund.
Best regards,
Amit M
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID, and find that this resolution is satisfactory to me and the matter has been resolved.
Sincerely
Our household does not want to be contacted further by this company. We receive the same mailing telling us we need to exchange or sell our single share of TIVO stock, approximately twice a week. This has been going on for almost a year. We will not confirm our information to an unknown company that we have never contacted, especially when being asked for a Social Security Number! This single share was purchased years and years ago (through an online gift company who is no longer in business) as a gift. We are not selling, exchanging or in any way returning this share and wish for this company to STOP ALL communications on the subject. We have been unable to contact them at any address or phone provided.
For Revdex.com information, the address shown on the mailing is different from the two choices you provided. Here is the information that shows on the mailings: LINK Shareholder Services LLC ***. In addition the return mail envelope has the address of *** The mailings are sent to us as "Presorted First-Class Mail US Postage PAID Brooklyn NY Permit ***.
The account has been removed from future mailings, however, the company has undergone a corporate and the account is in danger of being escheated as abandoned property. LINK's documentation clearly states, in multiple locations, that this is a voluntary program and that the shareholder may contact the Transfer Agent to exchange their shares should they wish not to utilize LINK's services.
Best regards,
Amit M
Revdex.com:
I have reviewed the response made by the business in reference to complaint ID and find that this resolution is satisfactory to me and the matter has been resolved.
Sincerely
I got a letter from Linkshareholder stating that there was a total of 270.60 checks replaced. The check replacement fee was $46.00 I thought I needed to sign it but clearly when I signed it, it "gave Linkshareholder the right to sell my stock and take $5,692.32 for processing fees". That was the entire stock. They stole my stock from me by tricking me into signing the first form. Please tell me how to proceed. I called the number and talked with a very hostile, condescending man that told me I gave them permission to sell the stock, that they "thought" I had lost my stock paper. I had not. They told me I called them about this and I had not. EVER. He told me to contact the manager, Amit, and no one ever answered or returned my message. I did have a paper copy of my stock. They lied.
The origin of shareholders complaint was identified. The shareholder made an incorrect selection and was charged based on total asset value. The issue has been resolved with the shareholder directly and she has been reimbursed.
I keep getting these notices about my National Oilwell Varco stock. A dormant account? What does that mean? Shares of stock in my name just sit there until I do something. How can they be escheated to the State? I don't know how they found out what I have, but I am trashing any notices I receive.
Thank you to everyone that has commented on this site so that I know this is a bad thing.
Dear Shareholder,
LINK Shareholder Services, is retained to locate shareholders that are identified as having a "bad address" or uncashed checks on the records of the Transfer Agent for various companies. Your account has both. Our notification clearly states that you may circumvent our services and go directly to the Transfer Agent to update your account before your shares and uncashed checks are sent to the state as abandoned property.
The services offered by LINK are NOT "a bad thing" if the notification is read and your asset is saved.
Best regards,
Amit M
Not CERTAIN, but this sounds like usury, or highway robbery. Thank God I read the entire "mailer". They get 17% from each share sold! I'll flip a stock for a 17% GAIN and they want it ALL to sell it??? *** tells me that they'll import from a certificate for FREE and sell it on the market. These guys are following the "Pay Day Loan" model(?)
Dear Shareholder,
If you received documentation sent out by LINK Shareholder Services, it typically means that your account is dormant, have uncashed checks in danger of being escheated to your state as abandoned property, or the shares you own have gone through a corporate action for which you are due an exchange for your original shares.
Our documentation clearly states that it is a voluntary program and tells you who you may contact should you wish to circumvent the fees.
LINK's primary objective is to inform shareholders or their beneficiaries of the account and to take action, either through our services or other means.
Over the last year I have received several attempts from this organization to reach me concerning shareholder information regarding me and my tenure of employment with Media General Television which is now Nexstar Media Group.
After approximately 12 months of letters, I returned their request with no actual knowledge that I had any retirement funds or shareholder information that they needed to process the request in the first place.
Sometime in October of 2018 I received multiple checks address to VOYA Financial TR IRA through myself. I had no idea what to do with these checks and could not reach this company through the website, email or by phone. I then mailed the checks to my back for processing and then received a return response on 11//2018 indicating that these checks could not be processed by me as they are addressed to VOYA Financial. Again, not able to reach your company, I called VOYA who in turn have no record of me in their records thus they cannot do anything with these checks.
Next, I contacted my actual TSP account and asked them for advisement. They also cannot assist me as these checks are also not able to be processed by them.
Again, after not being able to reach your company for a third time (not actual attempts), I am returning these checks to them in hopes that the paperwork I attached (TSP 60) with my signature may be completed by their staff in hopes of processing new checks addressed to them (TSP) so that these funds can be redeposited into a proper place.
Hello,
In response to your grievance, your account was processed accordingly. The registration on you account is held as an IRA with Voya Financial Trust as the custodian for the benefit of ***. The documentation submitted to LINK Shareholder Services for processing did not request to have Voya Financial removed from the registration, nor was there a signatory for them.
However, as a courtesy, we will reissue the checks to ***, solely.
Please let me know if I can be of further assistance.
Best regards,
Amit M
This company says they are managing Zion Oil & Gas shareholders account status. I've updated my address with them many times but they are still sending form for transfer and requires a processing fee I think it's a scam. Zion Oil & Gas should know this.
Dear Shareholder,
LINK Shareholder Services, LLC, is not a scam. We are retained by the Transfer Agent, and authorized by the company as indicated on our documentation. If you are receiving our mailing, you may have uncashed checks, a bad address on record, or your last date of contact needs to be updated. Should you wish for me to research your account, please feel free to email me at ***.
Best regards,
Amit M
Beware of Link Shareholder Services (LINK), a wholly owned subsidiary of American Stock Transfer & Trust Col (AST). AST acts as the Transfer Agent for a number of U.S. Corporations traded on NASDQ. Among other things, LINK has responsibility for all "outstanding dividend checks" issued by AST. In Dec. 2017 LINK wrote me about 2015 uncashed dividend checks issued by AST and said they would be "unclaimed property" turned over to my State unless I requested "replacement checks" and paid LINK a fee for reissuing them. I filled out the FORM for the 2015 replacement checks and returned to LINK. Instead of "replacing" the 2015 checks, LINK, without notice to me, VOIDED all of my outstanding 2017 dividend checks. In Jan. 2018, when I deposited the 2017 checks, which on their face were still valid, LINK then dishonored the checks causing me to incur a significant bank charge for the returned check. LINK admits it voided the VALID 2017 checks, but offers no reason for doing so other than I must have told them to do it! I did no such thing! LINK refuses to issue replacement checks or reimburse for the bank fees for the dishonored checks. I have submitted a Complaint to the SEC. LINK appears to be engaged in VOIDING still valid dividend checks and then charging affected shareholders a FEE to replace them. This business should NOT have an A+ Revdex.com Rating!
They contact you and tell you you have 2 options, sell or forfeit you unclaimed assets to the state. ***? They never tell you details of why you need to do either option.
Obviously it's not unclaimed assets if they know who you are....and have contacted you about it.
Then they try to charge you 15% of the value to sell your shares. Why do you need to sell them at all? Personally I will just throw their stuff in the trash.
Basically IMHO a scam to take 15% of the value or your stock. The stock I own is still trading and I can still buy more shares....something is seriously suspect with this company.
This business has been informed in writing on THREE different occasions over the last 8 months to cease and desist sending any further solicitations to "help me" cash in a certificated share of stock I have in a now-private company. I have made my requests polite, businesslike, and quite direct. I have also been direct in asking them not to send any further solicitations for business services to me. They have ignored those requests, and today, I received additional solicitations for business from them on exactly the same matter. I am hoping if they won't listen to me, they will listen to the Revdex.com or the US Postal Inspector. I don't understand how they believe they are helping their case to win clients by utterly ignoring their previous requests. This is aggressive and arrogant business solicitation that is beyond the pale of good faith dealings.
Hello ***,
LINK's sole purpose is to research better addresses to alert unexchanged shareholders of their entitlement, prior to it being escheated to the State as abandoned property.
Nevertheless, if the shareholder would be so kind as to provide either the company number or company name and account number, I will be happy to suppress his account.
Best regards