Dec. 11 at 5:54 PM
$AFIB Is it legal for a publicly traded company to withhold their transfer
Agent information!?
Generally, publicly traded companies are required to disclose their transfer agent information.
In the United States, regulations from the Securities and Exchange Commission (SEC) and various exchange listing requirements mandate transparency for information essential to shareholders.
Here's why a publicly traded company typically cannot withhold this information:
Shareholder Relations: The transfer agent is the entity responsible for maintaining the official record of a company's shareholders, issuing and cancelling certificates, and handling lost certificates, among other things. As a shareholder, you have a right to know the contact information for the agent handling your stock records.
Regulatory Filings: Companies often disclose their transfer agent in their annual reports (like the Form 10-K in the U.S.) and proxy materials sent to shareholders.
It is called the best practice!!!