NEW YORK ( TheStreet) -- One of the key stock-transfer agents in the world of Chinese reverse mergers was censured by the Securities and Exchange Commission Thursday after it came to light that the 75-year-old father of the agent's founder and president had misappropriated $2.7 million from the firm.Called the Securities Transfer Corporation and based near Dallas, the transfer agent is run by Kevin Halter Jr., the brother of Timothy Halter, whose investment house, Halter Financial, is one of the most prolific coordinators and financial backers of Chinese reverse mergers in the U.S.
China RTO Transfer Agent Gets SEC Sanction
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