BIG Troubles In T-A Land
Five events in late 2023 startled us into realizing that most Transfer Agents seem to be in a big heap of trouble these days: The first and second were the two calls we received - one about bad TA service and one about bad TA behavior – described in detail elsewhere...COVID-Era Snafus Create A Spate Of Mighty Big Lawsuits
But Wait! Shocking Deficiencies In Internal Controls Are Set To Fuel Even More, We Guarantee Over the past three months your editor-in-chief has had three assignments as an expert witness/expert consultant - all involving big stock market losses - and all with the...Huge News – Number-Two Transfer Agent EQ Sells To VC Buyer: Number Three Quickly Follows: The ‘End Game’ For The Overcrowded T-A Biz At Long Last?
In something of a bombshell announcement, Equiniti Group PLC - the UK-based owner of US Transfer Agent EQ - announced on May 27 that it has agreed to sell its entire portfolio of business to Earth Private Holdings, LTD - a newly-formed company owned by funds managed...SEC Fines Transfer Agent VStock Transfer LLC For Numerous Violations; Sets Conditions For A Compliance Consultant To Audit, Report, Recommend And Followup On Remedial Actions
The SEC’s August 27th Release institutes a Cease and Desist Order on a virtual kitchen-sink of violations, including failure to transfer and turn securities around within required time frames, failure to report their failures to do so, failures to properly safeguard...Major Shifts In Transfer Agency Market Share: Many More Developments To Come
As you will see from the chart below, we estimate that the transfer agency market - measured by shareholder records maintained - dropped by roughly 5% between our last estimates in 2017 vs. year-end 2019… producing some very interesting shifts in market share at...On the Transfer Agency Scene
Huge news at Computershare - the acquisition in April of the Microsoft transfer agency business. As we write, Microsoft is the largest company in the world by market-cap - a major leader in the high-tech world, of course, which has, so far, and permanently we’d hope,...Transfer Agency Fees: Are You Paying High 20th Century Fees for Low 21st Century Activities … And For Things You Don’t Need?
Right now, most of our readers are up to their eyeballs in Annual Meeting-related activities…So it might seem weird to run this article right now.
An Update on What’s Up – And What’s New – In the Hurley-Burley Transfer Agent World
Ordinarily, we lead off the 1st quarter issue with our “Early Returns” from the Annual Meeting front. But since our last update on the Transfer Agency world in our year-end Special Supplement - focusing on “Transforming Shareholder Relations” - there has been an...Transformations in the Transfer Agency World
An Update on the Number-One Question Your Editors Get: “What’s Up With All Those Transfer Agents?” The Transfer Agency industry, as most long-term readers know, has been undergoing a rapid and rather massive transformation for well over a decade now. The latest view...Striving To Deliver Greater Convenience and Control
An Interview with John Dunn, Vice President, U.S. Corporate Issuer Sales at Broadridge.
Transfer Agents & Issuers: Are You Prepared For The Future?
The 2015 Industry Index Helps Us Get To Safe Shores
TWO PROPOSED STEPS TOWARD A BETTER RESOLUTION OF THE “STRANDED DRP PROBLEM”
The first, and perhaps the most urgently needed step, we say, is for issuers to review the Terms and Conditions governing their own plan, and revise them so that any time the Plan balance is less than one full share, the Plan Agent will, henceforth, liquidate the fractional share, send a check, and close the account.
“STRANDED DRPS” ARE COSTING ISSUERS BIG BUCKS – LITERALLY “FOR NOTHING”
As we’ve noted in previous issues, your editors, and many of our savvier and busier friends, have been trying to clean up most of our smallish DRP and DSPP accounts. Why? Because of all the paperwork they generate – but also to be able to consolidate all our investments in a single place.
Another Look at Transfer Agent Market Share; The Real Decider, We Say, of Transfer Agent Success… and Survival
Recently, a reader sent us a link to a web-posting from a firm called Auto Analytics, which has been tracking Transfer Agent market share since 2012, based on the number of companies that are active SEC registrants. This way of measuring market share produces very...Stock Transfer Agents – Coping With a Shrinking Universe of Providers
Transfer agents take a lot of heat – from shareholders – and sometimes from their clients too, although, after all, that’s what you really pay them to do.
Checklist of “BEST PRACTICES” in Evaluating and Selecting a TRANSFER AGENT
We first published this article in 2003 and, believe it or not, it didn’t need much updating until recently, other than to note that there has been a very good market for buyers of TA services and a very difficult one for sellers throughout this long period of industry contraction.
ADRmageddon…SEC Enforcement Subpoenas Hit The Top-4 ADR Banks: Mega-Scandals Threaten ADR Bankers – And Maybe ADRs Themselves
The SEC’s Enforcement Division has issued wide-ranging subpoenas to the four largest ADR banks - and to many of their top officials, we are told - demanding detailed information going all the way back to 1997, according to our source - the chief whistleblower, who,...Carl Hagberg’s Comments to the SEC – Transfer Agency Industry
After almost 30 years of no action, the SEC asked for comments on a “mega-list” of proposed initiatives to regulate the transfer agency industry, which has changed beyond recognition…
Transfer Agent Liabilities: Under-Estimate Them At Your Peril
Our Top Tips On Protecting Your Company From T-A-Related Liabilities: Doing It Yourself? Bad Advice!
Transfer Agent Market Share Updates Show Major Shrinkage In The Registered Holder Universe
Much More Shrinkage Still To Come, We Say
Shareholder Services Association to Ring Closing Bell at the New York Stock Exchange
The Board of the Shareholder Services Association (the “SSA”) will have the honor of ringing the iconic New York Stock Exchange closing bell at the end of trading on Wednesday, May 18, 2016, in celebration of the SSA’s 70th anniversary.
Transfer Agent Pays An Extra Nickel To Every Shareholder
Transfer Agent Pays An Extra Five-Cents Per Share To Every Stockholder Of A Major Us Company: 158 Million Nickels Too Many! We are hoping that this headline will grab your attention and impel you to read on, and will maybe give you a jolt of adrenaline, and a feel for...Computershare’s Jay McHale Reviews Issuer Challenges And Solutions For 2015
The Optimizer had an opportunity to sit down with Jay McHale, President of Computershare’s US Equity Services, to talk about his perspective on the securities industry.
Tranfer Agent Market Share
The Main “Decider” We Say, In The Long-Term-Survival Game… Is The “End Game” In Sight?
