I am more interested in the details of how such an audit works. the CEO is useless as he sold the shares into the market and once sold loses all control over them, they are in the public domain.
now, relative to an audit; an audit is meaningless in a fluid market. shares move from broker to broker every day with a three day settlement cycle so who knows what was sold but is in an account, who knows what is due, and who knows what is in a transition state. 99% of all this is exclusive of the TA because it is handled by the DTCC.
Lets use an example that you should research before you believe any stories or details of an audit:
You own 1 million shares in broker XYZ. You sell half today. If the TA audits your broker your shares will still show up in the DTCC account TODAY, Tomorrow, and the next day. but they will not show up in your brokers book entry ledger. There will be a 500,000 share temporary discrepancy.
Now I bought those shares thru broker ABC. Those shares show up instantly in my account as book entry but the DTCC will not credit the broker account until final clearance at T+3.
So the CEO and the TA, who are they talking to, how long will this take and what EXACT day are thy using as the control day? Do they have the cooperation of all broker dealers to identify purchases and sales for that day and the 4 days before hand to insure they account for trades in various stages of settlement?
fact is, brokers will not provide that information as it is proprietary information.
This is how trading and settlement works. tell me how some transfer agent works they way into the proprietary info of the markets.
Market Data 
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