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Breaking News from NHSH group

ByMorStock Share Wednesday, February 15, 2012 4:56:01 PM
Re: Patent Pending post# 14270 Post # of 14272

SEC Requirements for Transfer Agents

"Transfer agents record changes of ownership, maintain the issuer's security holder records, cancel and issue certificates, and distribute dividends. Because transfer agents stand between issuing companies and security holders, efficient transfer agent operations are critical to the successful completion of secondary trades. Section 17A(c) of the 1934 Act requires that transfer agents be registered with the SEC, or if the transfer agent is a bank, with a bank regulatory agency. There is no SRO that governs transfer agents. The SEC therefore has promulgated rules and regulations for all registered transfer agents, intended to facilitate the prompt and accurate clearance and settlement of securities transactions and that assure the safeguarding of securities and funds. The rules include minimum performance standards regarding the issuance of new certificates and related recordkeeping and reporting rules, and the prompt and accurate creation of security holder records and the safeguarding of securities and funds. The SEC also conducts inspections of transfer agents."

www.sec.gov/divisions/marketreg/mrtransfer.shtml

Based upon this, as a Moderator, I am considering any discussion related to share structure that does not align with that of the official amount from the company's transfer agent as OFF TOPIC.

If I see it, I will delete it. If deleted, you have the right to appeal.

Please refer to User Handbook - Deletion of Posts (http://ihwiki.stocksite.com/index.php?title=Handbook#Deletion_of_Posts) and the FAQ (http://ihwiki.stocksite.com/index.php?title=FAQ:Deletions_and_Restores) for more information.