The Worthless Securities Purchase Program offers a structured path for holders of securities with no accessible market — giving you a documented transaction that may support your tax position.
If there is no market for your securities and they cannot be sold through a broker, this program provides a formal solution for certificate disposition.
The purchase is handled as a private party transaction — structured, documented, and processed through TOL Escrow Services, LLC.
This program may provide a basis for sale at year end, and users may be able to claim it as a capital loss on their tax return.
Transfer Online partners with TOL Escrow Services, LLC to administer this program with full documentation and compliance support.
The following items are mandatory and must be submitted together to initiate processing.
A Medallion Signature Guarantee is required to authenticate the transfer of securities.
Two straightforward charges apply to each certificate or book entry position submitted under this program.
Per certificate or book entry position submitted for processing.
Flat purchase price regardless of the number of shares held.