written by poMcDaniel457 on 08/04/2022
Computershare sold 272 of my shares with Philips at $31 a share, half of what I paid for them, without my authorization. They claimed that I signed a policy at Philips when I signed up to buy shares 7 years ago that if I leave Philips that I would need to find a broker for my shares within 6 months. Regardless of any policy, Philips does not have the legal authorization to give to any entity direction to sell my shares that I bought with my money without my knowledge. All Computershare had to do was reach out to me before hand to let me know that I needed to get a broker and they could not even do that. For such a large company their lack of integrity and compassion are unethical and illegal. If anyone knows if this was illegal and the precedence for it please let me know. Thanks.
As rated by our community of reviewers