Who We Are & What We Do
Global Shareholder Services™ helps corporations, law firms, insurance companies,
financial institutions, brokerages and lost owners/heirs reconnect with one another.
We have over 50 years combined years of experience in the business of; locating
missing owners/heirs, establishing entitlement to unclaimed asset(s), communicating
important corporate messages to achieve a required corporate action and
reactivating/recovering unclaimed accounts worldwide.
Our work is a win-win situation for
owners/heirs and corporations alike as
our services benefit both. Owners and heirs benefit in taking ownership of their
account(s) and receiving previously unclaimed asset(s). Corporations benefit
lowering administrative costs, reducing the risk of fraud and liabilities inherent with
accounts that remain unclaimed and disconnected from their rightful legal owners,
which accounts in some countries like the US will eventually escheat.
Our experience, expertise and proprietary knowledge allow us to successfully
locate missing shareholders, and resolve international claims more efficiently and
cost effectively than any other corporations.
We have a proven track record of success and many testimonials from both corporate
and individual clients attesting to our successful and beneficial work, which is
delivered with the highest level of customer service.
Whether you are an owner trying to reconnect or recover an unclaimed asset or
a corporation seeking to locate a lost owner, please contact us today. There is no
obligation to use our services and no risk should you decide to proceed and use our
expert service to your benefit.
Global Shareholder Services™ can Reconnect you with and Protect your
shareholder account(s). Our service is based on Respect for both the Holder
and individual owner. We are the Perfect global shareholder solution.
Just a few of the testimonials we receive from our clients:
"Thank you very much for following up on this. I am very satisfied with the services offered and
executed by GSS. You located me in Singapore from an old long forgotten address in Canada contacted me
via phone and email and guided me through the process and finally made sure that I received my payment.
I would definitely recommend your services to anyone and hope that others can benefit from them.
Best wishes". - Living claimant (Singapore)
From one of the largest unclaimed property services companies in the U.S.:
- "...have only heard positive comments over the 10 years that we have been working with you."
- "Wow, that was fast! Yes, I will let them know he is an employee and I'll close the case. Thanks..."
- "You rock."
- "...WOW!!! Thanks...!" "Awesome info..... Thank you so much. So glad we have you as a resource"
- "Great, I'll be in touch.... Thanks... This never could have been completed without your assistance."
- "Thank you very much! Yet another example of why your organiza1on is such an excellent partner
to work with!!"
- "Thanks for your help on this case! We never could have worked this without you!"
- "Extremely impressive results, especially given the very short amount of time, and
the rather unique circumstance!! I am certain that (company) will be impressed with the result, ...
We are very apprecia1ve of the resources you have expended in this regard, ..."
- "I've sent mail, we've called, mail been returned, for over 6 mos. I can't believe you
found them so quickly. Sent me his address and ph# I can enter into system. Great job!"
We could not have done it with out you! - Heirs USA
On February 7 2007 I received a phone call at 2 am from a woman I did not know advising
me that my Cousin had passed away in her apartment in Brooklyn N.Y. She had left my name
and phone number as emergency contact next to her phone. What to do?
I proceeded to Brooklyn the next day to find that my Cousin had passed "In Testate" without
a will or funeral instructions. After aranging Memorial and burial services etc. The next
matter was to begin the probate process.
To make a very long story short, the Court required we prove "Heirship" utilizing a Court
accepted geneologist. We engaged the services of ... Global Shareholder Services.
I found Mr. Boakes work to be thorough and extremely professional.
He exercised exhaustive diligence in persuing required detail, some of it from foriegn countries.
He kept us well informed of his progress along the way, and we came to enjoy each others professional company.
Ultimately, as it is with intestate probate matters, four years later we had our day in Court.
Mr Boakes attended and was very professional and impressed the Judge with his prepared report.
We prevailed, much, I belive based on the strength of Mr Boakes' presentation.
I would certainly reccomend Mr. Johan Boakes, and Global Shareholder Services, to anyone requiring
the various services they provide.
- Heirs family representative USA
From individual owners and heirs:
- "Thank you for all your work and efforts. Your success in helping us has lifted
a burden from my mother’s shoulders... We cannot thank you enough..." - Heir, Israel
- "I'm so happy! Thank you very much." - Heir, France
- "Thank you very much that you made this difficult thing for us as easy as possible!"
- Heir, Sweden
- "... I think you are a 'Christmas-man' for my family!!!!!! It is a 'good luck man' in
Germany... Many thanks for your successful work" - Heir, Germany
- "Honesty, integrity, putting me at the centre of all aspect of my inheritance without
you I would have been unaware of the death of my cousin and your communication was supportive
and important" 2012, Heir, Ireland
- "May I take this opportunity to thank ... Global Shareholders for the professional
way that the case was handled. ...my family believe was a miracle... My family are extremely grateful
... The research ... carried out was far beyond our expectations and we feel .. carried out an
impossible task and made it look straight forward...." Heir, UK
- "It is just wonderful. Thank you warmly for all your efforts... Endes Gut – alles gut!"
Par ces quelques mots, j'aimerai vous remercier pour tout ce que vous avez fait pour moi pendant cette année 2012.
(Quel beau cadeau de Noël). J'ai beaucoup apprécié votre amabilité, votre professionnalisme dans le suivi des
différentes démarches pour mener à bien cette succession. Je pense que nous aurons encore l'occasion de
communiquer en 2013. Je vous souhaite un joyeux Noël et de belles fêtes de fin d'année. - Heir Switzerland
From corporations and law firms:
- "Awesome, great work! ... We have been impressed with your speed and skill
in finding these people..." - Law firm handling M&A
- "We really appreciate you helping us ... thank you for your excellent service!" - Attorney
am really pleased of the service you provide for me. First of all I was completely
surprised by the information you gave me on some US$ left over into US pension. And when you told me that
you were capable of retrieving it with acceptable charge, I was extremely interested. Finally after an overall
of a month and a half you made the dream true, then I was really delighted. So in conclusion I have been
extremely satisfy by your service and I will communicate to friends that have been in an equivalent situation.
reçu le chèque et vous remercie de votre efficacité et suivi. Je garde vos coordonnées et n'hésiterez
pas à les transmettre ainsi que le nom de votre socièté. Encore un grand merci.
Bonjour. Je vous informe que j'ai bien reçu le chèque , que je l'ai déposé en banque et qu'il a bien été
crédité sur mon compte bancaire. Et je peux à nouveau vous dire que vos services offerts ont été d'une grande
efficacité et fait avec beaucoup de sérieux. Encore une fois merci et recevez mes meilleures salutations.
US SEC Rule 17Ad-17
US corporations and non-US companies doing business in the
US should adhere to US SEC (Securities and Exchange Commission) Rule 17Ad-17. The general
industry practices for handling lost security holders, under the original SEC Rule
17Ad-17 mandates two database searches be made to locate the missing security holders.
The first search is to take place within 3-12 months of the account being coded
'lost' or 'missing'. Should a second search be required, it must be undertaken
within 6-12 months of the first search effort. This rule requires certain search
criteria be followed.
It is well documented that US State governments are becoming ever
more aggressive in pursuing corporations who are holding unclaimed property and not reporting
it correctly or at all. By way of example, brokerages and insurance companies have now
been included and fall under the scope of the revised SEC Rule 17Ad-17 (revised, see below).
There have been published cases of substantial fines being
levied against corporations who are not in compliance with US Unclaimed Property
Law including SEC Rule 17Ad-17. Further, it is a well known fact that in these
tough economic times States and countries are struggling to balance their budgets.
Unclaimed property and noncompliance with rules and regulations are being pursued
by them with determination. Countries such as, Switzerland have run afoul of the
US Federal government. The case of UBS AG for example, who in 2009 agreed to and
paid a fine of US$780 million (in penalties and interest) to avoid prosecution by
the US Department of Justice. On the US State level, John Hancock, a unit of
Manulife Insurance Financial Corporation of Toronto, Canada in April 2011 settled
a multimillion dollar claim with 6 US state governments relating to their identifying
deceased policyholders and their efforts to locate and pay beneficiaries.
According to a press release issued by the California State Controller, since 2008
this office has reached global settlements with seven life insurance companies,
returning more than $143 million belonging to California beneficiaries alone. As
of May 2013 the State filed a lawsuit against American National Insurance Company
(ANICO) for refusing to turn over records/data needed to audit the company, which
is suspected of failing to pay life insurance benefits to the heirs of deceased
policy holders. The pattern
is self evident and our intention is to draw your attention to facts and potential
risks your corporation faces in non-compliance. The decision now rests with you
the corporation, continue to risk not being fully compliant or, work with us to
reconnect with your lost owner/heirs, at no risk and no cost to you?
Global Shareholder Services™ works on your and your shareholders
behalves and our efforts will exceed the 2 mandated search requirements of
Rule 17Ad-17 thus helping your corporation avoid possible fines and penalties.
Furthermore, our efforts will reunite you with as many of your lost shareholders
as possible worldwide, thereby helping you also reduce administration costs and
liabilities associated with such accounts. Our work will also increase your account
retention, corporate reputation and revenues.
You remain in control of your shareholder accounts, as we work
from the name and last address on the account and customize our efforts to suit YOUR
and YOUR shareholder's needs.
SEC Rule 17Ad-17 (revised)
The Dodd-Frank Act of 2010 directed the SEC to modify Rule 17Ad-17 governing the
treatment of missing security holders.
On January 16th, 2013 The Securities and Exchange Commission (“SEC”) adopted amendments
to Rule 17Ad-17 to implement the requirements of Section 929W of the Dodd-Frank Act.
That Section directs the SEC to revise Rule 17Ad-17, by extending the requirements of
Rule 17Ad-17 to search for lost securityholders from not only recordkeeping transfer
agents but to brokers and dealers as well. The SEC is also adding a requirement
that “paying agents” notify “unresponsive payees” that a paying agent has sent a
security holder a check that has not yet been negotiated. The amendments will become
effective on March 25, 2013. The compliance date will be January 23, 2014.
SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 240[Release No. 34-68668; File No. S7-11-11]
Lost Security holders and Unresponsive PayeesAGENCY: Securities and Exchange Commission.
ACTION: Final rule.
SUMMARY: The Securities and Exchange Commission(“Commission”) is adopting amendments to
Rule 17Ad-17 to implement the requirements of Section 929W of the Dodd- Frank Wall
Street Reform and Consumer Protection Act (“Dodd-Frank Act”). That Section added to
Section 17A of the Securities Exchange Act of 1934 (“Exchange Act”) subsection (g),
“Due Diligence for the Delivery of Dividends, Interest, and Other Valuable Property
Rights,” which directs the Commission to revise Exchange Act Rule 17Ad-17, “Transfer
Agents’ Obligation to Search for Lost Securityholders” to: extend the requirements of
Rule 17Ad-17 to search for lost securityholders from only recordkeeping transfer agents
to brokers and dealers as well; add a requirement that “paying agents” notify
“unresponsive payees” that a paying agent has sent a security holder a check that has
not yet been negotiated; and add certain other provisions. The Commission also is adopting
a proposed conforming amendment to Rule 17Ad- 7(i) and new Rule 15b1-6, a technical
rule to help ensure that brokers and dealers have notice of their new obligations with
respect to lost security holders and unresponsive payees. EFFECTIVE DATES: The amendments
will become effective on March 25, 2013. The compliance date will be January 23, 2014.
claimants often face foreign claim requirements that can seem impossible to resolve.
We help our clients overcome these problems so their claims are successful.