SEC Eyes Transfer Agents In New Front Against US Stock Fraudsters

January 12, 2015

 
(Reuters) – In their battle to root out microcap stock fraudsters, U.S. securities regulators are turning their attention to the obscure world of transfer agents, who are sometimes in a position to prevent scams, or help to enable them. Transfer agents are back-office businesses hired by companies to keep track of shareholder records and changes in…