Question:

Stock broker, and stocks, kept from me help!?

by  |  earlier

0 LIKES UnLike

Ok this is kind of complicated. I am 18, and I have the rights to my own stock. However, my father is refusing to give me the information to my broker, so is my mom. They are making it so I have no say in my money what so ever. I am getting sick of it. It's my money, 100%, I want access to know what's going on with it. Who would I contact to try to get this information on my stock and my broker. I don't know the company, they hid papers, just my name, and the name of who left it to me.

 Tags:

   Report

3 ANSWERS


  1. In theory you are correct. Suggest you try to make a deal with them. Ask them for part of the money until you move out of the house if you want to make transactions. Or ask them what investment are being made so you can follow them, and possibly make suggestions. If you prove to them you can be responsible, and there isn't huge tax complications to give you what you want, and they still won't give you control you have a legal problem  


  2. "Be careful what you wish for".

    You claim the "right" to your "own" stock "100%" now that you reached the age of 18 and now are an adult. This is true.

    But be careful. Now that you are an adult you also lost the right to anything that your parent's have. They don't have to give you a roof over your head, feed you, clothe you, pay for your insurance, give you money, nothing, nada, zip.

    They have every right to kick you to the curb. Their legal responsibility, their rights in terms of responsibility for you end at 18 also.  

    Do you have a job? Your own place to live? Your own car? Pay your own insurance? And so on?

    With rights come responsibility. Are you that responsible for yourself yet?

      You need to understand that now you are an adult that change works both ways. I assume you are living at home and now it is at your parent's whim and good graces that you can stay. It is entirely a different situation. It is entirely up to them. Congratulations.

    Are you sure you are that eager to force your "rights"?  You need to look at your parents in a different way now. You are entitled to nothing from them now other than maybe that stock that is in your name.

    If you are living on your own and taking care of yourself there are ways for you to get the information and get the stock transferred fully in to your name.

    But likely since the stock should be under your own name and they can't claim you as a dependent after 18 unless in school then you might get the information at tax time because you will have to file your own taxes if it pays dividends.

    You could sue your parents for the stock. Sure you are ready for that?  

  3. P.I.

Question Stats

Latest activity: earlier.
This question has 3 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Unanswered Questions