Sichenzia Ross Ference Kesner Partner Harvey Kesner Quoted on DTC Rule Changes

Press Release – New York, NY – December 15, 2016 – Sichenzia Ross Ference Kesner LLP partner Harvey Kesner was quoted by the FinOps Report in an update to its article titled “Transfer Agents, DTC Still Chilly On Issuer Freeze Policies.” The article discusses the Depository Trust Company’s (DTC) rule changes which specify four circumstances under which the DTC can “chill” or “lock” issuers out of its services. The SEC is responsible for approving any rule changes made by the DTC, the US national depository, and approved the new rules on December 6, 2016.

“The vast majority of the new rules represent a dramatic improvement over the DTC’s historic practices and will benefit issuers greatly,” says Harvey Kesner, a partner with the law firm of Sichenzia Ross Ference Kesner in New York. “However, in allowing the DTC to retain some discretion, the SEC is potentially harming issuers, transfer agents and investors, should the DTC not be judicious in using its discretion.”

Please read the full article here (http://finops.co/investors/dtc-and-transfer-agents-still-chilled-over-issuer-freeze-policies/).

Sichenzia Ross Ference Kesner LLP

Sichenzia Ross Ference Kesner LLP

Sichenzia Ross Ference Kesner LLP is a nationally recognized securities and corporate law firm that provides experienced representation in all matters involving the securities industry. Super Lawyers consistently recognizes our attorneys as among the highest rated securities lawyers in the nation. Our attorneys specialize in advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on major capital stock exchanges such as the NYSE (New York Stock Exchange), NASDAQ and OTC markets. In addition, our litigation and arbitration attorneys are highly skilled in representing clients from routine lawsuits to complex cases before the SEC, FINRA and other tribunals.

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