NEW YORK, May 22, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Island Stock Transfer has joined the Transfer Agent Verified Shares Program, further expanding the list of transfer agents that have partnered with OTC Markets Group to improve the transparency of share information for OTCQX®, OTCQB® and Pink® securities.
Launched in October 2016, the Transfer Agent Verified Shares Program is an initiative designed to provide investors with current and reliable share data on OTCQX, OTCQB and Pink securities. The program enables stock transfer agents to report their clients' share data, including authorized and outstanding shares, to OTC Markets Group on a regular basis via a secure, electronic file transfer. Share data provided by transfer agents is displayed on www.otcmarkets.com alongside a "Verified" logo, indicating the information is reliable and trustworthy. This data is also disseminated through OTC Markets Group's market data feeds to investors and broker-dealers.
"Accurate share data is fundamental to market confidence, providing investors with the information they need to make informed investment decisions and broker-dealers the data they require to clear investor shares and assess their true position in a stock," said Liz Heese, Executive Vice President of Issuer and Information Services at OTC Markets Group. "We are thrilled Island Stock Transfer has joined our effort to improve the quality of share information of OTCQX, OTCQB and Pink companies for their investors."
"We are very pleased to be part of the TA Verified Shares Program sponsored by OTC Markets Group. This is another step forward in adding clarity and transparency to the information available on the publicly traded companies we serve that are quoted on the OTCQX, OTCQB and Pink markets," said Carl Dilley, President of Island Stock Transfer.
The following transfer agents are participating in the program:
- ClearTrust, LLC
- Colonial Stock Transfer Co. Inc.
- Direct Transfer LLC
- Equity Stock Transfer
- Island Stock Transfer
- Nevada Agency and Transfer Company
- Olde Monmouth Stock Transfer
- Transfer Online, Inc.
- VStock Transfer
- West Coast Stock Transfer, Inc.
Investors can see verified share data for Island Stock Transfer's clients on a company's quote page at www.otcmarkets.com and via OTC Markets' market data feeds.
Transfer agents interested in participating in the program may contact Andy Kyzyk at OTC Markets Group at (212) 896-4450 or firstname.lastname@example.org. There is no fee for transfer agents to participate.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
OTC Markets Group Inc., +1 (212) 896-4428, email@example.com
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SOURCE OTC Markets Group Inc.