In re Securities Transfer Corp. and Kevin Halter, Jr.

SEC Release 34-64030 (Admin. Proc. 3-14285)

March 3, 2011

The SEC announced a settled administrative action against a transfer agent and its former president for actions in which the individual allegedly misappropriated money from client accounts to personal brokerage accounts. Among other things, the action found that the firm failed to have in place adequate supervisory procedures and a system for applying such procedures.

Cross References

Exchange Act §§ 17A(d)(1), 17A(c)(3)-(4)

Exchange Act Rule 17Ad-12(a)(2)