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Governments Seize Stocks Regularly
States have revised unclaimed-property laws to expedite the declaration of securities as abandoned, reducing dormancy periods and shifting from a "lost" to an "inactive" standard. This allows governments to seize and sell stocks even when investors are unaware, leading to significant financial losses for investors, as exemplified by a case where stock worth millions was sold without the owner’s knowledge. Regulators have identified failures in some procedures, and there is concern that these legal changes prioritize government revenue over investor ownership rights.
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