Exchange operator OTC Markets Group (OTCQX: OTCM) announced today that ClearTrust, LLC and Equity Stock Transfer have joined its Transfer Agent Verified Shares Program, accelerating its initiative to enhance the availability and accuracy share data for OTCQX, OTCQB and Pink securities.
Transfer Agent Verified Shares Program
The Transfer Agent Verified Shares Program is designed to work with transfer agents, providing investors with current and reliable share data on OTCQX, OTCQB and Pink securities.
The program allows stock transfer agents to report their clients’ share data, including authorized and outstanding shares, to OTC Markets on a regular basis via a secure, electronic file transfer.
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Share data provided by transfer agents is displayed on OTC Markets website alongside a ‘Verified’ logo, indicating the information is authentic. This data is also disseminated through OTC Markets’ market data feeds to investors and broker-dealers.
R. Cromwell Coulson, President and CEO of OTC Markets, commented: “By joining the TA Verified Shares Program, ClearTrust and Equity Stock Transfer are taking an important step toward improving the overall transparency of the OTCQX, OTCQB and Pink markets, as well helping their clients build trust and confidence with their investors and other market participants. We are thrilled they have decided to join the program and look forward to working with them and our other transfer agent partners to continue to improve the share issuance process.”
ClearTrust and Equity Stock Transfer join an expanding list of transfer agents that have joined the program in recent weeks, including Direct Transfer LLC, Olde Monmouth Stock Transfer and VStock Transfer.