NEW YORK, March 29, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Colonial Stock Transfer Co. Inc. and Transfer Online, Inc. have joined OTC Markets' Transfer Agent Verified Shares Program, further growing 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.
The Transfer Agent Verified Shares Program, launched in October 2016, 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.
"We are happy to add Colonial Stock Transfer and Transfer Online to our TA Verified Shares Program and look forward to working with them and our other transfer agent partners to continue to improve the quality of share information for OTCQX, OTCQB and Pink issuers and their shareholders," said Liz Heese, Executive Vice President of Issuer and Information Services at OTC Markets Group.
"We at Colonial Stock Transfer look forward to participating in OTC Markets Group's Transfer Agent Verified Shares Program. Providing accurate and current share structure to the industry for the many purposes needed presents a real challenge in fast-moving markets. This solution offered by OTC Markets Group should greatly assist our shareholders and their brokerages," said Kathy Carter, President of Colonial Stock Transfer Co. Inc.
"Our customers have come to depend on us to provide easy-to-use online services that take traditional transfer agent services and automates them. So, when presented with the opportunity to participate in OTC Markets' Transfer Agent Verified Shares program, we were excited to continue to offer every opportunity to provide the highest level of service to Transfer Online's companies and their shareholders. We look forward to working with the OTC Markets Group team to provide updated share information on a regular basis," said Lori Livingston, President and CEO of Transfer Online.
Transfer agents participating in the Program include:
- ClearTrust, LLC
- Colonial Stock Transfer Co. Inc.
- Direct Transfer LLC
- Equity 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 Colonial Stock Transfer and Transfer Online'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.