Transfer Agent - Securities & Going Public Lawyers

DTC Imposes Corporate Action DTC Eligibility Fee

On December 30, 2015, the Securities and Exchange Commission (“SEC”) published a notice that it was soliciting comments for a proposed rule change submitted by The Depository Trust Company (“DTC”) filed a pursuant to section 19(b)(3)(A) of the… Read More

Tips for Going Public With a Direct Public Offering

Direct Public Offering Lawyer – Securities Law Blog More and more issuers going public opt for a direct public offering. In a direct public offering management sells shares of the company’s stock directly to investors, rather than through… Read More

Why The Rules That Apply To Transfer Agents Are Passé

On December 17, 2014, Luis A. Aguilar released a public statement about why the rules surrounding transfer agents should be updated and modernized. [1]  Unfortunately, the rules governing transfer agents were adopted in the 70’s and 80’s and have… Read More

SEC Charges Forum National Investments Executives and Promoters in Pump and Dump Scheme

On November 18, 2014, the Securities and Exchange Commission (“SEC”) charged Forum National Investments Ltd. (“FMNL”), a Canadian life settlement company, its CEO, and several associates with fraud committed in connection with a pump and dump scheme that… Read More

SEC Charges Heathrow Natural Food & Beverage and Michael Pagnano

On September 23, 2014, the Securities and Exchange Commission (the “SEC”) issued an order instituting cease and desist proceedings against Registrar and Transfer Company (“R&T”), a transfer agency registered with the SEC, and its President and CEO Thomas Montrone… Read More

Frank Speight and International Stock Transfer Charged

Securities Lawyer 101 Blog On July 24, 2014, the Securities and Exchange Commission (the”SEC”) and Department of Justice announced charges against Frank-Speight (Cecil Franklin Speight) and his Florida-based transfer agent with defrauding investors by using aggressive boiler room tactics to… Read More

SEC Charges Transfer Agent, IST Shareholder Services By: Brenda Hamilton Attorney

Securities Lawyer 101 Blog On May 28, 2014, the SEC announced fraud charges and an emergency asset freeze against IST Shareholder Services, a transfer agent and its owner, Robert Pearson whose misappropriation scheme was discovered during an SEC examination…. Read More

SEC Charges Empire Stock Transfer l Securities Lawyer 101 Blog

Securities Lawyer 101 Blog On April 8, 2014, the Securities and Exchange Commission announced enforcement actions against two leaders at a Las Vegas-based transfer agent firm who were responsible for disclosure failures in registration forms filed with the… Read More

Court Finds CMKX Transfer Agent Not Substantial Participant in Fraud

Securities Lawyer 101 Blog On September 10, 2013, the Ninth Circuit Court of Appeals rejected the Security and Exchange Commission’s argument that a stock transfer agent and its principal are necessarily liable “by virtue of their position” when… Read More

The Role of Legal Opinions in the CMKM Fraud

Securities Lawyer 101 Blog In the penny stock markets it has become almost common practice for restricted stockholders to attorney shop for legal opinion writers so that they can receive unrestricted or free trading securities. Sometimes these shareholders lawyer shop… Read More