NEW YORK, Dec. 19, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Nevada Agency and Transfer Company and West Coast Stock Transfer, Inc. have joined OTC Markets' Transfer Agent Verified Shares Program to improve the availability and accuracy of share data for OTCQX®, OTCQB® and Pink® securities.
Launched in October, 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.
"We're thrilled to add Nevada Agency and West Coast Stock Transfer to our TA Verified Shares Program," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Since we launched the program in October, we have received tremendous feedback and engagement from the transfer agent community who are interested in partnering with us to improve the transparency of share information on OTCQX, OTCQB and Pink securities. By working together, we can help improve the markets for issuers and their shareholders."
"We are delighted to be part of the Transfer Agent Verified Shares Program. We believe the program is a tremendous asset to investors," said Amanda Cardinalli, President of Nevada Agency and Transfer Company.
"We appreciate and support OTC Market's continued efforts to improve market transparency and encourage active participation by issuers and their agents," said Frank Brickell, President of West Coast Stock Transfer.
Nevada Agency and West Coast Stock Transfer add to a growing list of transfer agents that have joined the program, including ClearTrust, LLC, Direct Transfer LLC, Equity Stock Transfer, Olde Monmouth Stock Transfer and VStock Transfer.
Investors can see verified share data for Nevada Agency and West Coast 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 email@example.com. 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, firstname.lastname@example.org
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SOURCE OTC Markets Group Inc.