SEC proposes overhaul of registered transfer agent rules
The SEC proposed sweeping changes to rules for registered transfer agents, the firms that track securities ownership and move securities between investors, aiming to update the framework.
The U.S.
Securities and Exchange Commission (SEC) on Tuesday proposed a sweeping change to rules covering registered transfer agents, the companies that keep track of who owns securities and move securities between investors, in an effort to update the rules.Transfer agents are regulated financial…