Island Stock Transfer
Island Stock Transfer is an SEC-registered stock transfer agent based in St. Petersburg, Florida, operating as the trade name of Island Capital Management LLC. It maintains shareholder ownership and transfer records for publicly traded companies, largely micro-cap issuers. In July 2021 a jury found the firm and its principals liable for fraud under Section 10(b) of the Securities Exchange Act of 1934 in connection with the creation of at least 19 sham shell companies. In August 2025 a court ordered nearly 1 million dollars in monetary remedies plus injunctive relief and disgorgement against the firm. The matter was on appeal to the 11th Circuit Court of Appeals as of January 2026.
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Recent News
Court ordered Island Stock Transfer, Spartan Securities and principals Dilley and Eldred to pay nearly 1 million dollars in fines, disgorgement and interest, plus injunctive relief
11th Circuit appellate proceedings in the microcap shell fraud case involving Island Stock Transfer and its principals.