Apparently National Trust has not met the SEC requirements to act as a Transfer Agent for any publicly traded company since 2004. So why is Jim using them in that capacity?
I asked the SEC two questions: Where they registered with the SEC, and could a company that wasn't registered with the SEC act as a TA.
I just got this response (I deleted my day phone and email address as it is for my work). I checked the exemptions under securities act of 1935 and they don't apply: They are not an investment company (Section 12(g)(2)(B)) or insurance company (Section 12(g)(2)(G)).
National Stock Transfer Inc., has not registered with the SEC as a tranfer agenct since March 31, 2004.
Under 17A(c) any person acting as a transfer agent with respect to a security registered under Section 12 or which would be required to be registered except for the exemption provided in Sections 12(g)(2)(B) or 12(g)(2)(G) must register as a transfer agent. The transfer agent either registers with us or, if it is a bank, with its appropriate bank regulatory authority. All registered transfer agents, including bank transfer agents, are required to file the annual Form TA-2 with the Commission.
For more information about tranfer agents and a link to the relevant laws, please review the following link: