Welcome to the UnShareholder's website!
Publicly-traded companies are increasingly concerned about the impact of stock market manipulation on share prices. Short selling and stock lending always leave some investor without real share ownership, even when not done to manipulate stock prices. Companies are worried about these "extra" or "phantom" shares diluting their market value.
By accepting a retail brokerage or other stock-trading account enrollment agreement, most investors allow the broker to lend their shares. Even when the investor does not allow stock lending, it often happens as a result of poor record keeping practices at the broker-dealer level. When the shares you own have been lent, you own a phantom share until the loan is repaid. Furthermore, when settlement failures happen, even the shares you buy may not be in your brokerage account regardless of what your broker statement says. These are the two most common ways that phantom shares are created.
For every phantom share there is a "phantom-share holder." Corporate executives are correctly focused on taking care of their shareholders. But no one has taken an interest in the harm being done to those investors who are left holding the phantom shares – those investors who have not received delivery of shares they paid for or whose shares have been lent out without compensation. No one is helping the UnShareholder. Until now.
UnShareholder.com is supported by knowledgeable and involved members of the legal and financial community who recognize that investors are being damaged but that these investors are not shareholders. If you have requested a stock certificate but have not received it, you are an UnShareholder. If your brokerage account was changed to delete the shares of a company that you don't agree is "worthless", you are an UnShareholder. If you received a 1099 with "unqualified dividends" when you believed you owned regular shares, you are probably an UnShareholder, too.
If you think you might be an UnShareholder, please complete the form on the Registration page
