# 2025-21611: SEC Extends Rule to Stop Stock Ownership Goofs

2025-21611, Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 17Ad-10, is a Federal Register notice from Securities and Exchange Commission published 2025-12-01, effective Written comments on this 60-Day Collection Notice are due by January 30, 2026. (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-21611
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-21611
- Title: Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 17Ad-10
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 55225
- Published: 2025-12-01
- Effective: Written comments on this 60-Day Collection Notice are due by January 30, 2026.
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Extends Rule to Stop Stock Ownership Goofs

## Summary

The SEC is asking for comments on extending Rule 17Ad-10, which helps transfer agents keep accurate records of who owns securities and prevents mistakes like over-issuing shares. About 319 transfer agents spend around 80 hours a year following these rules, making sure everything stays clear and correct. No big changes or extra costs are planned, just keeping the system running smoothly.

## Effects PRIA read

- Transfer Agents Must Keep Accurate Records: cost, high. If you are a registered transfer agent, Rule 17Ad-10 requires you to create and keep current and accurate securityholder records, promptly record all transfers, purchases, redemptions, and issuances, resolve record inaccuracies, disclose inaccuracies to issuers and regulators, buy-in some physical…
- Six-Year Certificate Retention Rule: cost, low. Rule 17Ad-10 requires registered transfer agents to retain deleted certificate detail for six years and to keep current, accurate records of the number of shares or principal amount of debt securities authorized to be outstanding.
- Estimated Annual Industry Compliance Costs: cost, high. The SEC estimates there are about 319 registered transfer agents, each spending about 80 hours per year (70 hours recordkeeping and 10 hours third-party disclosure). The industry-wide annual burden is about 25,520 hours, with internal labor costs of about $1,990,560 per year and external costs of a…

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## Sources
- [2025-21611 on federalregister.gov](https://www.federalregister.gov/documents/2025/12/01/2025-21611/agency-information-collection-activities-proposed-collection-comment-request-extension-rule-17ad-10)
- [2025-21611 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-12-01/pdf/2025-21611.pdf)

## Related
- [Previous: 2025-21610, Agency Information Collection Activities; Proposed Collection; Comment Request;…](https://policyrisk.com/federal-register/2025-21610)
- [Next: 2025-21612, New Postal Products](https://policyrisk.com/federal-register/2025-21612)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-21611 (as of 2026-06-08).