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There is a saying that it is better to give than to receive, and that is certainly the case when it comes to transferring ownership of stock to someone else. Unfortunately, rules and regulations have made it hard for you to simply go through the process of gifting S Corp Stock to someone else. Regardless
The Securities and Exchanges Commission (“SEC) has agreed to draft rules under the Jumpstart Our Business Startups (JOBS) Act to allow companies to offer and sell securities through crowdfunding. SEC Chair Mary Jo White stated that the intent of the JOBS Act is to make it easier for start-up companies and small business to obtain
DTCC (“DTC”) released a press release on March 12, 2013 regarding the proposed steps to continue with the dematerialization of physical securities in the United States. The proposals specifically relate to physical certificate elimination, which will help to lower costs and mitigate risk for the individual shareholder and the issuer. In the press release, DTC
The Securities Transfer Association (STA) has commented on the broker fee increase proposal submitted by the NYSE PFAC committee and has disagreed on several points. With an 18-month effort by NYSE PFAC to review and update the broker proxy fee schedule, the STA has recommended that the fee proposal should be disapproved for several reasons:
The NYSE proposes a beneficial holder proxy fee increase to be charged to issuers by brokers (Broadridge). These proposals result in several fee increases that affect both large and small issuers. Here are some of the notable changes and increases: Intermediary Unit Fees – There was a 28% increase for issuers with under 10,000 accounts.
On October 13, 1987, Colonial Stock Transfer began what continues to be an amazing journey since the company signed its first client to transfer agent services. As we mark the 25th anniversary of those first stock transfers, we wanted to express our appreciation and our gratitude to all of our employees, friends, and clients. Thanks
Regular shareholder meetings are an important part of investing in a company. Based on the company’s performance, investors can gauge how much to invest in the future. If shareholders are unable to attend the meeting, they should educate themselves properly by reading the proxy statement before voting on proposals. A stock transfer agent can guide
Currently, thousands of companies or their consultants are dealing with the burden of filing financials in XBRL (eXtensible Business Reporting Language) formats. We have several tips gathered from industry experts, including SEC staff to help you better prepare your financials and produce more accurate and better quality filings. 1. Prepare your financials properly. A large
As large and small reporting companies get ready for their annual meetings this year, they should keep in mind the new rules involving shareholder approval on executive compensation. These rules, required under the Dodd-Frank Wall Street Reform and Consumer Protection Act, will need to be included on all proxy cards after Jan. 21, 2011. The
As large and small reporting companies get ready for their annual meetings this year they should keep in mind the new rules involving shareholder approval on executive compensation. These rules, required under the Dodd-Frank Wall Street Reform and Consumer Protection Act, will need to be included on all proxy cards after Jan. 21, 2011. The
The Financial Industry Regulatory Authority, or FINRA, made key changes in the way corporate actions are handled this past year, including eliminating time-consuming paperwork and adding issuer fees for corporate action processing. As far as paper elimination is concerned, FINRA has created interactive PDF documents for both issuers and transfer agents involved in the corporate
In a new rule effective January 1, 2010, the SEC has eliminated discretionary voting on directors by brokers. In the past, this rule allowed brokers to vote proxies on behalf of beneficial shareholders for uncontested directors for publicly held companies, as long as the beneficial shareholder had received the proxy materials with plenty of time
Shareholders, by virtue of their ownership interest in a corporation, are usually entitled to one vote per share in corporate elections or certain other policy decisions. This is true for the approval or disapproval of pension plans, additional stock authorizations, and mergers. If the shareholders can attend the annual meeting or special meetings called from
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