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States Should Not Mistake Long-Term Investing for Abandonment

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WASHINGTON, July 14, 2026 /PRNewswire/ — The Investment Company Institute released the following Viewpoints blog:

Millions of Americans buy mutual funds, ETFs, stocks, and other securities with the intention of holding them for years. They may not log in often. They may not trade. They may not check their balances until they need the money. That is not a sign they have walked away from their investments; it is ordinary buy-and-hold investing.

But some states are making it easier to treat these investors as if they are missing. By adding a so-called “inactivity standard” to their unclaimed property laws, states can seize and liquidate securities accounts simply because the owner has not logged in, traded, contributed, or otherwise contacted the account provider for a set period of time—even though the investor is not lost and has not abandoned the account. 

The consequences of escheatment, the legal process by which a state takes custody of abandoned property, can be severe. Once a securities account escheats to a state, the state liquidates the securities. When owners try to reclaim their account, they may receive only the value of the securities when they were sold, and not the dividends, interest, or appreciation they may have earned had the investments remained intact and untouched. 

Florida and California show that states have a choice: protect long-term investors or put their savings at risk. 

Florida and the Majority of States Show a Better Way Forward

Florida recently showed why these protections matter. After the state changed its unclaimed property law in 2024 and moved from a “returned communication standard” to an inactivity standard for securities, more than $1 billion in additional assets escheated to the state, much of it prematurely. Lawmakers recognized the gravity of the problem immediately. This past June, Governor Ron DeSantis signed legislation strengthening protections for investors who remain reachable, even when they have not actively engaged with their account for some time. 

The new Florida standard recognizes how investors engage with their accounts today. It incorporates both a returned communication standard and a 10-year period to show an indication of interest, or activity, in an account. It also allows investors to demonstrate continued interest by securely accessing a website, engaging through a mobile app, or responding to an account notice, among other actions. 

California Should Follow Florida’s Lead

Under California law, the standard is vague, and securities may in some cases be deemed abandoned when an account provider has lost contact with the securities’ owner. That is why the standard for determining abandonment is so critical. An inactivity standard can blur the difference between an investor who is truly lost and an investor who is simply staying the course. 

California now has an important opportunity to protect long-term investors by passing AB 2031, sponsored by Assemblywoman Cottie Petrie-Norris. This legislation would clarify California’s Unclaimed Property Law and help prevent inappropriate escheatment of securities. That means the 7.8 million California households that own mutual funds or ETFs would not be treated as missing when account communications are still being delivered by mail or electronically and are not returned as undeliverable.

Keeping Long-Term Investments in Investors’ Hands

Unclaimed property laws should not be used to take possession of securities owned by investors who are still reachable and still invested.

Florida has taken the right step, joining a majority of states in recognizing that ordinary long-term investing should not be treated as abandonment. California should follow suit by passing AB 2031 right away. Other states should then follow Florida and California and modernize their laws to protect investors from these same risks.

What Forced Liquidation Can Cost a Long-Term Investor
Imagine a long-term investor with $50,000 in mutual fund shares. She receives electronic statements, reinvests dividends, and keeps a valid address on file with the account provider. Because she is saving for the future, she does not log in or trade for several years.

Then one day she checks her account and finds her securities are gone. The state has taken custody and sold them. If she later files a claim, she may recover only the $50,000 sale-date value. Had the money remained invested and earned 7% annually, it could have grown to more than $98,000 over 10 years.

That is nearly $50,000 in potential gains lost because inactivity was mistaken for abandonment.

Contact: media@ici.org

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SOURCE Investment Company Institute

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Century Fasteners Corp. Exhibiting at the 2026 International Fastener Expo

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September 21, 2026

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Century Fasteners Corp. and Cherry Aerospace Relationship Showcased at the 2026 International Fastener Expo – October 7th-9th, 2026.

ELMHURST, N.Y., Sept. 21, 2026 //PRNewswire// — Century Fasteners Corp. (www.CenturyFasteners.com) is an authorized distributor for Cherry Aerospace (www.CherryAerospace.com).

Century Fasteners Corp. will exhibit at the 2026 International Fastener Expo (https://fastenershows.com/) in Phoenix, AZ, October 7th–9th, 2026, where Century will showcase its capabilities and relationship with Cherry Aerospace at Booth 2756.

In addition to making world-class Cherry products more broadly available to distributors and OEMs, the partnership expands Century’s existing services to the manufacturing community by enabling the company to provide deeper bill of material coverage to complement its product offering.

About Century Fasteners Corp.

Century Fasteners Corp. is a Master Distributor of fastener and consumable products to the military, aerospace, electronics, industrial, and commercial sectors. Founded in 1955, the AS and ISO certified company stocks more than 100,000 discrete parts, and offers a wide variety of value-added services, including VMI in-plant programs, custom kitting, and supply chain management solutions. Century Fasteners Corp. is an authorized stocking distributor for Cherry Aerospace (www.cherryaerospace.com). Service, Inventory, Integrity™

About Cherry Aerospace

Headquartered in Santa Ana, CA, Cherry Aerospace is a global leader in the design and manufacture of fastening systems for the aerospace industry. The Cherry® name is synonymous with aerospace fasteners, and the CherryMax® line of rivets is the most widely used in the industry. Cherry® Aerospace is well known for their industry leading blind rivets, blind bolts, rivetless nut plates, shear pin fasteners and installation tools. The company is a member of the SPS Fastener Division of Precision Castparts Corp.

For Cherry Aerospace and other product quotes for OEMs or Distributors, email the requirements to Century Fasteners Corp. at sales@centuryfasteners.com. To learn more about the products and services offered by Century Fasteners Corp., visit online at www.CenturyFasteners.com.

Media contact:

John Ringold – Director of Marketing
Century Fasteners Corp
800-221-0769
jringold@centuryfasteners.com
https://www.centuryfasteners.com/

Contact:
***@optonline.net

Photo(s):
https://www.prlog.org/13171987

Press release distributed by PRLog

View original content:https://www.prnewswire.com/news-releases/century-fasteners-corp-exhibiting-at-the-2026-international-fastener-expo-302885273.html

SOURCE Century Fasteners Corp.

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TMGM and Chelsea Football Club Extend Partnership into Fourth Year, Expanding into the Middle East

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September 21, 2026

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SYDNEY, Sept. 22, 2026 /PRNewswire/ — TMGM and Chelsea Football Club today announced the extension of their partnership into a fourth year, with the collaboration expanding beyond Asia-Pacific into the Middle East.

Since 2023, TMGM has served as Chelsea FC’s Official Online Forex and CFD Trading Partner in Asia-Pacific. The extension advances a partnership spanning matchday visibility, original content and fan engagement.

Three Years of Shared Momentum

In 2026, the partnership reached a milestone when TMGM branding appeared on the back of Chelsea men’s match shirts during the FA Cup – a first in the club’s history. TMGM also joined Chelsea FC’s 2026 Asia-Pacific Pre-Season Tour as an Official Partner, with open training, pitch-side access and post-match tunnel experiences. The tour included a visit by Chelsea players Cole Palmer and João Pedro to TMGM’s Sydney headquarters.

Earlier in 2026, TMGM presented The Famous CFC in Bangkok, where hundreds of supporters attended a live match screening and an exclusive appearance by former Chelsea captain John Terry.

These milestones formed part of a wider programme of premium home-match hospitality, behind-the-scenes visits at Cobham and player-led content under TMGM’s “Trade like a lion” campaign.

A Broader Platform for Year Four

In year four, TMGM’s expanded regional rights will support brand visibility at Chelsea home fixtures, original content featuring players and legends, regional digital campaigns and a China-focused performance series. The programme will also continue through The Famous CFC in selected markets and offer TMGM clients further hospitality and behind-the-scenes access across Chelsea’s matchday, stadium and training environments.

“Over three years, our relationship with Chelsea FC has evolved from regional activations to high-profile moments, including visibility on the club’s FA Cup shirts and its Asia-Pacific tour,” said TMGM. “Entering our fourth year and extending into the Middle East creates opportunities to connect with more audiences through experiences that reflect the ambition of both organisations.”

Chelsea Football Club said: “TMGM has focused on bringing its clients and our supporters closer to the club through digital-first content and in-person events across Asia-Pacific to great effect. We are pleased to extend the partnership into a fourth year and look forward to building on its momentum across the region and also the Middle East.”

About TMGM

Founded in 2013 in Sydney, Australia, TMGM Group is the Official Regional Partner of Chelsea Football Club. As a broker providing global financial product trading, TMGM is regulated by ASIC (Australia), VFSC (Vanuatu), FSC Mauritius, and FSA (Seychelles).

Disclaimer: Investing in leveraged products carries high risks and is not suitable for all investors. You have no interest in the underlying asset. Read the Client Agreement and other disclosure documents set forth on our website. The above information is provided by TMGM Group (Trademax Australia Limited, ABN 76 162 331 311, AFSL 436416, Trademax Global Markets (SE) Limited, FSA licence number SD224, Trademax Global Limited, VFSC 40356 & Trademax Global Markets (International) Pty Ltd, Company No. 195323, Mauritius Investment Dealer Licence No. GB22201012). 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/tmgm-and-chelsea-football-club-extend-partnership-into-fourth-year-expanding-into-the-middle-east-302884310.html

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Ridgeway Pharmacy Statement Regarding Website Security Incident Involving Third-Party Vendor

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September 21, 2026

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VICTOR, Mont., Sept. 21, 2026 /PRNewswire/ — Ridgeway Pharmacy, Ltd. (“Ridgeway”) is providing notice of an incident involving its pharmacy website, which was developed by a third-party vendor. Ridgeway identified operational issues on the website and promptly began an investigation with the assistance of external cybersecurity and forensic specialists. That investigation determined that a vulnerability in the vendor-supported website allowed an unknown third party to access the site using elevated privileges, and that certain information may have been accessible as a result. On August 21, 2026, Ridgeway determined that the information potentially involved may have included name, date of birth, address, prescription information, health information, insurance information, and, for a portion of the individuals, payment card information. Importantly, at no time did this incident involve Ridgeway’s internal systems.

Ridgeway takes the privacy and security of information seriously and holds the third parties that support its services to that same standard. Upon learning of this matter, Ridgeway secured and remediated the affected website, stood up a new platform, further restricted access, strengthened monitoring, implemented additional protections against unauthorized activity, and reported the incident to federal law enforcement.

Written notice has been mailed to individuals whose information may have been involved, and out of an abundance of caution Ridgeway is offering complimentary identity protection services through TransUnion, a leading identity protection provider. As a general precaution, individuals are encouraged to review their account statements, health plan explanations of benefits, and credit reports for any unfamiliar activity, to enroll in the complimentary services described in their notification letter, and to report any unusual activity to their financial institution.

Individuals with questions may call Ridgeway’s dedicated toll-free assistance line at 1-833-516-7133, available 8am – 8pm (ET).

View original content:https://www.prnewswire.com/news-releases/ridgeway-pharmacy-statement-regarding-website-security-incident-involving-third-party-vendor-302884264.html

SOURCE Ridgeway Pharmacy

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