SEC eyes transfer agents in new front against U.S. stock fraudsters

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Interesting initiative from SEC. Any possibility for the same from SGX?

SEC eyes transfer agents in new front against U.S. stock fraudsters

WASHINGTON - In their battle to root out microcap stock fraudsters, U.S. securities regulators are turning their attention to the obscure world of transfer agents, who are sometimes in a position to prevent scams, or help to enable them.

Transfer agents are back-office businesses hired by companies to keep track of shareholder records and changes in ownership. To date, the industry has been lightly regulated, despite its critical role in keeping track of stocks as they change hands, and the issuance of shares.

The U.S. Securities and Exchange Commission is in the early stages of drafting new rules for transfer agents.
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http://www.todayonline.com/business/sec-...fraudsters
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