I am 16 years old; my brother, sister & I were given stock certificates at birth from our grandfather, who has now passed away. My dad was named sole custodian.
It has increased in value significantly over the years.
I just found out that my dad has sold and spent much of my stocks, and ALL of my brother's and sister's. We didn't know about it and the money was all used for day-trading stocks, and he lost it all.
Since we are still minors, and he's the custodian, does he have the right to do this?
If he didn't have that right, what can I do? I still have more stock in his safety deposit box that he might also sell. The family doesn't want to get involved.
My brother and sister are 12 & 14 years old. I'm a Junior in high school. This money was supposed to be for our college.