Is it a scam?: A company called EQ Unify is soliciting response for an "inactive" shareholders account
My elderly aunt received this letter from a company she's not familiar with claiming she has an inactive account. The stock she holds in the company referenced in the letter (DT Midstream) does sound familiar to her and she believes a financial planner friend of hers purchased it on her behalf directly from the company a long time ago. Her friend has passed since so she didn't know what to do.
She's interested in selling it, but even if this company is legit it looks like they'll charge like 10% or more to do so which upsets her. Maybe she could transfer it to a Schwabb account for free or less?
I'm also concerned about tax implications since she just gets social security and hasn't had a need to file taxes in decades and I wonder if this would force her to pay taxes, especially since Im guessing it almost all profit, she probably only put in hundreds and it's now worth into 5 figures.