My Front Porch

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They did contact me but I never open brokerage mail right away thinking they're just trade confirmations or dividend statements.

Yup, legal in many states.

About account inactivity

If you have not accessed your account in several years, state laws may deem your account to be inactive. Once an account is inactive, it is considered by your state to be abandoned property and must be turned over (escheated) to the state. In most states, an account is considered to be abandoned when there is no shareholder-initiated contact for three to five years.

What is escheatment?
Escheatment is the process of turning over unclaimed or abandoned property to a state authority. Escheatment laws require mutual fund companies to turn over client account fund shares if the owner cannot be located within a length of time determined by each state.