Thats the one statment in your post I 100% agree with
First off to say that any broker "Locked" THRA is a statment that is misleading at best the brokers only follow procedures that are in place not to trade a stock that is non DTCC eligble. Now me and Bigbake may not 100% agree all the time but he is the one that pointed that out. #2 the transfer agent is the entity that violated the rules not THRA, and do please point out where the SEC mentioned THRA in thier investigation if you can I will promptly come on here and tell you I was wrong beacuse I don't think I am always correct
http://www.sec.gov/litigation/admin/2011/34-63908.pdf and here is a news artical just in case the SEC got it wrong http://www.rbj.net/print_article.asp?aID=188934 Nowhere is THRA mentioned as violating any rules and regulations, as a matter of fact I did a SEC search on THRA and a search on THRA and no violations came up, and to take it one step further I emailed the DTTC and asked as an investor if THRA was inelligble to signe with a new Transfer agent unfourtanatly I have herd nothing back after three days if I hear anything I will post the email.
As far as violations on the Finachals I can't speak to that but I will only say they are alleged violations by you and members of the board untill the SEC charges and dose an investigation.