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★☆☆☆☆

“Computershare should not be allowed to continue to exist”

written by AbbigailFraser434 on 25/07/2016

They are absolutely the worst. I thought we had some laws, monitoring and protections against financial service organizations behaving exactly as they do. Computershare should be closed down.

My former company picked them. I have leveraged options that are vested, and the way the plan works, I had to choose a year in adavnce whether to take stock in a brokerage account, or cash "with zero fees". I took the cash.

They "cancelled" most of the stock award and when I asked why, they gave me the same reason the website says; one word: "Cancellation". That is literally their explanation of who/why it was cancelled. After the amount to be paid was "Final", they charged me a "penalty fee" of over 10%. I called to get an explanation, rep said they never heard of a penalty fee and asked ME to explain it. Seriously?

The vesting and sale date of the stock was over a month ago, and I asked for direct deposit because it said it would take 1 to 3 days. It's been a month.

Where is the SEC and/or FINRA in all this? Are they being monitored?

P.S. I am in the process of filing formal complaints with both the SEC and FINRA. We'll see what happens.

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