Charles Schwab & Co., Inc.
We need to hear from you right away to make sure we don't unnecessarily disrupt your account. If you don't respond by 9/1/22, we'll be required to classify your account as unclaimed property and turn the assets over to the Office of the Commissioner of Financial Institutions.
If we don't hear back from you, we'll be required to send your account balance (cash and/or securities) to the unclaimed property department of the Office of the Commissioner of Financial Institutions. You'll be able to recover your balance by filing a claim with the Office of the Commissioner of Financial Institutions, but this can be time-consuming, and the Office of the Commissioner of Financial Institutions may elect to sell the securities that we send them.
To keep your account open, logon to your Charles Schwab account, call the Client Reporting Services Hotline at 800-323-4332, or respond in writing to Charles Schwab & Co., Inc., Attention: Operations Center, P.O. Box 982600, El Paso, TX 79998-9941 or Charles Schwab & Co., Inc., Attention: Orlando Operations Center, P.O. Box 628291, Orlando, FL 32862-9925, no later than 9/1/22.
The abandoned property laws of Puerto Rico require us to classify an account as abandoned if there has been no activity in the account for at least five years.
Activity is typically defined as deposits, withdraws, trade activity, or changes in address. Although you may receive a regular account statement and a Form 1099 annual tax statement, Puerto Rico may not consider these mailings to be activity.