The SEC regulates TAs, so it wouldn't be difficult for them to impose some new requirements.
One of those should be that TAs must report the o/s for every stock they do transfer for weekly. The SEC could set up a site where they could enter this information. Another should be that TAs must file a copy of every opinion letter they get with the SEC. And those opinion letters should actually be read, or perhaps scanned electronically for content.
Those two things alone would make undeclared dilution and the issuance of unregistered stock much more difficult.
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