Reviews

Review Details

• Review fromSyed S

  Date: 05/10/2025

  This is the second time I've received a letter from his scam company informing me that my shares are inactive. Last time, I told it that my certificates were in my possession and to stop scamming. Today, I got another letter doing the same for another company. Interestingly, I get a yearly report about my dividend as they reinvest it. They should be reported for fraud before someone falls for the **** and loses shares and money. If I get another letter from this company, I will report it to the **********************.

  EQ Unify

  Date: 05/19/2025

  EQ Unify understands that unclaimed property laws are complex, and the general public is not well acquainted with the intricacies involved. Our aim is to bring awareness to the risks associated with unclaimed property, and dispel any misunderstanding as to where the risk of loss ******** note that you previously received communication from us regarding a different account for which you hold certificated shares. Unfortunately, your possession of the certificate is irrelevant to unclaimed property law. Likewise, with respect the account we most recently contacted you about, you indicate that you receive statements regarding your reinvested dividends. However, dividend reinvestment does not qualify as the type of owner-initiated contact necessary to prevent escheatment in most states. If you do not take action, which can be done by working with us, or contacting the transfer agent directly, your property remains at risk of escheatment. In the event property is escheated, most states will sell the shareholding and you may only claim the proceeds of that sale.

• Review fromthomas l

  Date: 05/05/2025

  ALL the complaints on this site are similar to mine- this company borders on fraud in my opinion.Scaring legitimate shareholders into a highly outrageous scheme of scamming 10% of the value of their ***************, as I am doing, to the ***, to your State's consumer authority and to the ****. DO NOT PAY ATTENTION TO THEIR FEEBLE RESPONSES IN THIS SITE!

  EQ Unify

  Date: 05/09/2025

  You received our communication because your account is considered at risk of escheatment. According to the shareholder records associated with your account, it has been over three years since there was shareholder-initiated activity. This means that your account may be escheated to the unclaimed property program of the state reflected in your address of record. Our records indicate that for you, that state is *******. You should be aware that ******* sells securities immediately upon their receipt and you will only be able to later claim the proceeds of that sale. Given current market volatility, we believe that most shareholders would not want their investments unilaterally sold by the state. Our service provides owners with the information necessary to ensure that this does not occur. We also offer our assistance in doing so, for a fee, should the owner wish to use our services. If our services are not required, we have provided all information necessary to contact the transfer agent for the shares directly. Unless or until you do so, your shares remain at risk of escheatment to and sale by the state.

• Review fromEstelle H

  Date: 08/14/2024

  Earlier this year, I wrote a review expressing my displeasure with this organization. I was contacted by one of its directors and they surprised me by offering to resolve my issues. They did exactly what they said they would do and made me a happy customer.

  EQ Unify

  Date: 08/27/2024

  Thank you for sharing your additional feedback and recent experience working with EQ Unify, and most importantly, allowing us to address your concerns to ensure we completely satisfied you as a customer.

• Review fromBRANKO K

  Date: 07/29/2024

  That company *****. I got a letter that due to lack of communications for 3 years with a company that I own stock, they would report it to the state as inactive. That stock was, and is, part of portfolio with other stocks that I deal with! They should have called me first since they had all other info, they should have my house phone number also. At my age, 86,, I do not need aggravating mail from anybody

  EQ Unify

  Date: 08/15/2024

  EQ Unify urges you to review your records. The shares that we contacted you about are direct registration shares, meaning that they are not included within any brokerage account but are registered in your name with the stock transfer agent. Any activity in your brokerage account will not be considered contact from you with respect to these shares. If you wish to re-register the shares into your brokerage account, we can assist you with the transaction in exchange for the fees listed detailed in our letter. If you wish to re-register the shares into a brokerage account without our assistance, you can use the contact information for the stock transfer agent included in our letter to begin the process. Calling the transfer agent will also update the required contact on your direct registration shareholding.

• Review fromGlenda G

  Date: 07/23/2024

  I received a letter saying there had not been any contact with us in 3 years. That cannot be simply because not only do we reinvest our dividends but have a monthly purchase that comes out of our bank account. The company sent a FORM letter claiming that they want to settle our account. Giving theses option:Change the account registration and/or sell all shares AND replace lost or destroyed stock certificates: Processing Fee is 10% of the value of the shares and outstanding checks or a Surety Bond Fee of 5% of the value of lost or destroyed certificates Change the account registration and/or sell all shares. I have enclosed all stock certificates for this account OR there are no certificated shares on this account. Processing Fee 10% of the value of the shares and outstanding checks Surety Bond Fee None ONLY replace lost or destroyed stock certificates Processing Fee None Surety Bond Fee 5% of the value of lost or destroyed certificates.As I read this - the company is claiming our account to be inactive when clearly there is monthly activity on the account since the date the account was opened - more than 3 years ago, so that we have to give personal information to an unknown source and pay them for the privilege of doing so. I believe it is a scam and will be contacting the proper agency to look into it.

  EQ Unify

  Date: 08/15/2024

  Unclaimed property laws are complicated, and although EQ Unify does our best to explain, in every communication, that shareowners may be at risk of escheatment without realizing that their shares are considered dormant; shareholders sometimes remain confused. One aspect of unclaimed property laws that is often misunderstood is that not all account activity qualifies to prevent your property from being presumed abandoned. Specifically, as referenced in the Frequent Asked Questions section of our communications, systematic activity such as dividend reinvestment plans, recurring ACHs, or direct deposit of dividends may be insufficient to prevent escheatment in many states. Such states require what is referred to as owner-initiated contact.Our objective is to alert you to this status, and to the risk of escheatment. If you do not wish to use our services, detailed information regarding how you can contact the stock transfer agent holding your shares in order to establish owner-initiated contact is included within our letter.

• Review fromThomas S

  Date: 07/16/2024

  FAKE! Using scare tatics. According to EQ Unify, "We are contacting you because your account has been identified as being at high risk of escheatment, a process by which the State claims and becomes owner of you American Depositary Shares ('ADS') in ********** OH REALLY? I get a dividend checks every quarter, plus I get letters on occasion from the corporation on matters dealing with the stocks that I own. And I usually particpate when there is a voting process. Disinformation!

  EQ Unify

  Date: 07/23/2024

  The law regarding when an account is subject to escheat varies by state. The records provided to our firm by the stock transfer agent for BPs American Depository Shares reflects a date of last contact on your account of more than three years ago. Under most state unclaimed property statutes, an automatic recurring deposit of dividends or interest does not establish the owner-initiated contact required to prevent an account from being presumed abandoned and escheated to the state. Our letter serves as both a notice and an offer. As fully disclosed within the letter, if you are not interested in using our services, you can contact the stock transfer agent directly to establish contact on your account and remedy the risk of escheat. If you believe that you have had more recent contact with your account than what is reflected on the transfer agents records, you are again urged to contact them to ensure future qualifying activity is recorded on your account.

• Review fromHenry F

  Date: 06/06/2024

  Financial abuse of the elderly. 10% transfer fees. Using fear of escheatment to the State, never once do they quote the laws they use.What specific part of the California law authorizes you to send threatening letters of escheatment to your EQ Shareholder Services members?

  EQ Unify

  Date: 06/17/2024

  Our correspondence is sent to any shareholder whose account is at risk of being escheated to the state, regardless of the age of the owner. The law regarding when an account is subject to escheat varies by state. Our outreach provides holders with additional notice regarding their accounts risk status, beyond the statutorily required mailing; as well as offers the opportunity to avail themselves of our services to re-establish account activity or dispose of the account. No fee is incurred unless our services are used. Our letters are not designed to threaten shareholders, but to alert them to the very real risk that their property can be reported and remitted to the state. Once turned over to the state the process to reclaim your shares may become more complicated. In addition, California is required by statute to sell the shares between 18 and 20 months after the date they are reported, and any increase in market value between that sale and your claiming of the shares will be lost to you. Our letter serves as both a notice and an offer. As fully disclosed within the letter, if you are not interested in using our services, you can contact the stock transfer agent directly to establish contact on your account and remedy the risk of escheat.

• Review fromRobyn B

  Date: 02/27/2024

  Worst company ever. I have been trying to get my name changed and replace a lost stock certificate. They sent me the forms to be filled out and get the medallion notary. I filled out the forms with the representative on the phone (the representative had a copy of the forms in front of her) going line by line so they were done correctly. It was rejected because they were filled out wrong, I was also missing a third form that they did not send or tell me needed to be filled out. Now I have to fill the form out again, get the special notary signature and send them in again. Customer service just said "I,m sorry **** you need to fill it put again correctly and send them in." It would have been helpful if they knew what they were talking about when they were "helping" me. This could have gone smoothly but they messed it up and now I have too pay for their mistakes. I will be closing my account when I finally an able to change my name.

• Review fromThomas M

  Date: 02/05/2024

  I have been trying for weeks to get my wifes stock information She passed away and i need to settle her estate They will not respond I think they are a scam Very sad service *****************************

  EQ Unify

  Date: 02/14/2024

  Hello - Sorry to hear about your recent struggles reaching a representative. We are wondering if you were trying to reach the Transfer Agent, EQ Shareowner Services vs. EQ Unify - as both numbers are provided on our letter depending on how you would like to service the account. Here at **********************, we also have a Voice Mail system allowing you to leave a message if a representative is not available and all calls are usually returned within the same business day (or the following), depending on the time the message was left. We have sent you an email in hopes we can connect you with someone directly to address your questions. Once again, we apologize for any inconvenience this has caused and looking forward to speaking with you.

• Review fromMitchell H

  Date: 12/09/2023

  I'd give zero if I could. I know this company replies to every review saying they're legitimate, that all services are voluntary, and that the service they're offering will help stockholders keep their accounts active. My question is why I should have to contact them to keep me account active? The letter I got says my account has been declared inactive "as a result of no shareholder-initiated contact with EQ Shareholder Services [identified as an affiliated company] within 3 years or more." I've been getting dividends for decades without incident. Why should I suddenly have to contact a company I've never heard of to avoid being declared "inactive" and having my dividends withheld or threat of losing the stock. The whole thing sounds like a setup. Even if there is some legal reason to require something, it shouldn't be done with a company that's trying to offer "voluntary" services at enormous fees.

  EQ Unify

  Date: 01/02/2024

  Your negative review appears to stem from a misunderstanding of the terms used in our letter, and of the procedures surrounding unclaimed property. You asked specifically why you should have to contact the stock transfer agent in order to keep your account active. This is because state laws will generally define inactivity as a lack of shareholder-initiated contact. The key here is that the type of contact required to prevent shares from being determined to be inactive and therefore at risk of being required to be turned over to the state must be independently initiated by the owner vs. systematic investments such as a dividend reinvestment plan or direct deposit of dividends which is explained in the frequently asked questions within the corresponded received (FAQ #3). Moreover, in the event that an account remains inactive for the statutorily defined period of time, shares will be required to be turned over to the state as unclaimed property in a process known as escheat. While you can subsequently reclaim your property from the state, your shares will most often be sold, either upon receipt or within a specified period of time, and any increase in market value will be lost to you. Finally, as it seems you understand that our services are voluntary, you should also understand that there is no requirement to re-establish contact through our firm, but that you can contact the stock transfer agent directly.