NEW YORK, Nov. 22, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced ClearTrust, LLC and Equity Stock Transfer have joined its Transfer Agent Verified Shares Program, further advancing its initiative to improve the availability and accuracy share data for OTCQX®, OTCQB® and Pink® securities. Verified share data for ClearTrust and Equity Stock Transfer's issuer clients is available on www.otcmarkets.com and via OTC Markets Group's market data feeds.
The Transfer Agent Verified Shares Program is designed to work with transfer agents 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.
"By joining the TA Verified Shares Program, ClearTrust and Equity Stock Transfer are taking an important step toward improving the overall transparency of the OTCQX, OTCQB and Pink markets, as well helping their clients build trust and confidence with their investors and other market participants," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are thrilled they have decided to join the program and look forward to working with them and our other transfer agent partners to continue to improve the share issuance process."
"We feel that this initiative of transparency is a key element in supporting the markets, our clients and their shareholders. It's a win-win-win situation when the investor's objectives are being served," said Piero Falcone, Managing Director of ClearTrust.
"Equity Stock Transfer is pleased to participate in OTC Markets Group's Transfer Agent Verified Shares Program," said Mohit Bhansali, Chief Operating Officer of Equity Stock Transfer. "Investors need current share structure and this program helps us provide accurate information. We value the transparency the program provides, which is in concert with our commitment to provide precision information to our clients."
ClearTrust and Equity Stock Transfer join a growing list of transfer agents that have joined the program in recent weeks, including Direct Transfer LLC, Olde Monmouth Stock Transfer and VStock Transfer.
Transfer agents interested in participating in the program may contact Andy Kyzyk at OTC Markets Group at (212) 896-4450 or [email protected]. 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.