Transfer agent


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Related to Transfer agent: Mail transfer agent, Chain transfer agent

Transfer agent

Individual or institution a company appoints to look after the transfer of securities.

Transfer Agent

A financial institution that acts, for a fee, as a record keeper for a publicly-traded company, investment company, or similar company. A transfer agent is responsible for issuing stock certificates, dealing with lost or stolen certificates, and generally maintaining accurate records for the client company. A transfer agent is particularly important because many investment companies have a large number of investors with a small amount of equity.

transfer agent

A company, generally a bank or trust company, appointed by a firm to transfer that firm's securities. Security holders may send the security certificates directly to the transfer agents by registered mail. The security should be endorsed with a letter of instruction included. The firm's agent is listed on its certificates. The transfer agent is also likely to maintain the current record of security owners for transmitting dividends, reports, security distributions, and so forth.

Transfer agent.

A transfer agent is responsible to a corporation for keeping track of who owns the corporation's stock and bonds and whether those securities are registered in the name of an individual investor or a brokerage firm, which is known as street name registration.

In some cases, stocks can be registered directly on the books of an issuer or its transfer agent using the direct registration system (DRS).

Increasingly, ownership records are electronic, though a transfer agent may issue stock and bond certificates to new owners if they request them. The transfer agent also receives certificates that represent securities that have been sold or returned to be reregistered.

References in periodicals archive ?
The functions of the Balloters and Transfer Agents are also of important nature as they, on behalf of the issuers, are responsible for keeping and properly maintaining the share register and involved in the issuance and transfer of securities.
The functions of balloters and transfer agents are also of important nature as they, on behalf of the issuers, are responsible for keeping and properly maintaining the share register and involved in the issuance and transfer of securities.
This does not mean the Company's shareholders will not receive all shares they are entitled to; rather it means that the Company's terminated stock transfer agent had no legal authority to issue shares after December 29, 2006.
Management has determined that the issues that have arisen from the Company's former stock transfer agent required aggressive corrective measures in order to protect the integrity of its stock transfer and issuance records.
Cost-basis information has always been a problem for investors, causing customer dissatisfaction with broker/dealers, issuers, transfer agents and other financial executives that investors rely upon.
Instructions and exchange forms will be sent to stockholders in the coming weeks by the transfer agent.
After comparing the NOBO list to the current transfer agent list, the company will be able to determine if there is a share imbalance or a significant failure to deliver position in their stock.
It has been brought to the attention by many shareholders that the share count per the transfer agent has increased by 30 million shares; this is true as the company has issued restricted shares (in lieu of cash payment for services) these shares are not saleable (free trading) for 2 years and will not impact the company's overall objectives.
The Company's transfer agent will issue the Purchase Warrant in accordance with its records and mail the new warrant certificate directly to the shareholder at the "address of record.
The federal banking agencies announced on September 28, 2005, the issuance of orders granting emergency relief to bank transfer agents affected by Hurricane Katrina.
Transfer agents maintain records related to the issuance and transfer of securities and provide operational assistance in the sale and transfer of ownership of securities.
To address compliance issues caused by Hurricane Katrina and its aftermath, the orders conditionally exempt banks, bank holding companies, and bank subsidiaries acting as transfer agents from compliance with section 17A of the Securities Exchange Act of 1934.