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The SEC censured U.S. Steel over stock transfers.

December 24, 1985

The Securities and Exchange Commission charged that U.S. Steel, which is a registered transfer agent, failed to turn around within three business days at least 90% of its routine stock transfers within any given month from January, 1983, through February, 1984. Without admitting or denying any wrongdoing, the company agreed to hire an accounting firm to verify its compliance with transfer-agent rules.

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