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How to Protect Yourself from Being Deemed a “Lost” Mutual Fund Shareholder
Mutual fund shareholders face a growing risk: states are using increasingly aggressive tactics to take individuals’ “lost” property, including financial accounts, and are using the money to close state budget shortfalls.
South Dakota Governor Signs Law to Immediately Liquidate Lost Property in Its Possession
Today, there are 150,000 South Dakota households owning $42 million in mutual fund assets—all of which are at risk of falling victim to the South Dakota state treasury’s grab for funds.
Today, there are 150,000 South Dakota households owning $42 million in mutual fund assets—all of which are at risk of falling victim to the South Dakota state treasury’s grab for funds.
ICI will continue to work to address these issues, and to protect assets held in retirement accounts owned by residents across the country.
