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Re: Diversified post# 13191

Thursday, 12/07/2017 1:18:35 PM

Thursday, December 07, 2017 1:18:35 PM

Post# of 14462
"...it's harder to become a licensed hair dresser in New York than it is a transfer agent,” said R. Cromwell Coulson, the head of OTC Markets Group Inc, the marketplace for unlisted over-the-counter stocks. This opens the door to “some very small capitalized businesses without the proper controls,” he said."

"Many of the mom-and-pop firms operate out of tiny offices, or in some cases, out of people’s homes and cater to smaller companies, including the microcap companies. Microcap companies typically disclose less financial information than major companies and trade on a “Wild West” over-the-counter stock market where investors face the most risk."

https://www.reuters.com/article/us-sec-transferagents-insight/sec-eyes-transfer-agents-in-new-front-against-u-s-stock-fraudsters-idUSKBN0KL0BD20150112

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