This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

China RTO Transfer Agent Gets SEC Sanction

STC and Kevin Halter Jr. agreed to be censured by the SEC for not having proper controls in place and for failing to supervise his father's work, paying a $10,000 penalty. Also, STC has agreed to retain an independent consultant, which will "conduct a comprehensive review of, and recommend corrective measures concerning, its policies and procedures relating to handling of client funds and securities." The transfer agent will also be required to provide the consultant with "access to STC's files, books, records and personnel as reasonably requested."

STC has preformed transfer-agent or escrow services for countless Chinese reverse-merger companies, including the now delisted Rino International and many others: Zhongpin (HOGS), Wonder Auto (WATG), China Housing & Land (CHLN - Get Report), China Nutrifruit (CNGL), China Biologic Products (CBPO - Get Report), China BAK Battery (CBAK - Get Report), China Agritech (CAGC) and ShengdaTech (SDTH).

It has also done work for the Austin, Texas-based Whole Foods (WFMI).

-- Written by Scott Eden in New York

>To contact the writer of this article, click here: Scott Eden.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
RINO $0.00 0.00%
CHLN $3.50 0.00%
CBAK $4.42 0.00%
CBPO $97.03 0.00%
AAPL $132.65 0.00%


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs