T+2 Settlement Cycle & Dematerialization

T+2 Settlement Cycle & Dematerialization

June 30, 2015

In our efforts to keep you informed of events in the industry, we are sharing an update regarding the financial industry moving forward with a shortened settlement cycle (T+2) and dematerialization. The effort was initially driven by the Depository Trust & Clearing Corporation (DTCC) and other U.S. financial services industry leaders.

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Regulation M and Direct Stock Purchase Plans

Regulation M and Direct Stock Purchase Plans

March 01, 2015

Regulation M, which replaced the Exchange Act Rules 10b-6, 10b-6A, 10b-7, 10-8, and 10b-21 in 1997, is designed to prevent market manipulation by individuals with an interest in the outcome of a security offering. To accomplish its purpose, Regulation M prohibits underwriters, issuers, selling security holders and other participants from engaging in certain trading activities that could artificially raise the price of a security or create a false appearance of active trading in the market.

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Understanding Regulatory Requirements for Knowing Your Shareholders

Understanding Regulatory Requirements for Knowing Your Shareholders

February 19, 2015

AST Ownership Intelligence provides personal and consultative services that allow companies to have comprehensive knowledge about who owns their shares on the beneficial owner level.

Access to this information gives companies the ability to provide the detail that most regulatory bodies examine when testing ownership restrictions.

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SEC Calls for More Vigilance from Transfer Agents - What Does This Mean for Issuers?

SEC Calls for More Vigilance from Transfer Agents - What Does This Mean for Issuers?

January 19, 2015

In an effort to reduce the incidence of stock fraud, the SEC recently announced it is in the early stages of drafting new rules that would potentially increase the role of transfer agents in preventing securities scams. These new rules can help curb the occurrence of fraud by being more proactive in setting legal opinions and scrutinizing shareholder requests.

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IRS TAX REPORTING & PENALTIES

IRS TAX REPORTING & PENALTIES

June 30, 2015

On June 29, President Obama signed into law the Trade Preferences Extension Act of 2015. The provision doubles the penalties for failure to file correct tax information returns and provide payee statements. The provision will be effective for returns and statements required to be filed after December 31, 2015. 

 

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