What is a transfer agent?
A transfer agent and registrar for a publicly held company keeps records of every outstanding stock certificate and the name of the person to whom it is registered. When stock changes hands, the transfer agent updates the record of ownership of the stock. The registrar reconciles all transfer records and makes sure that the number of shares debited is equal to the number of shares credited. Apple’s transfer agent is Computershare Investor Services, LLC. The transfer agent does not maintain records of shares bought and sold through brokerage accounts and held in “street name”. Those records are maintained by the specific brokerages through whom shares are bought and sold.
A transfer agent and registrar for a publicly held company keeps records of every outstanding stock certificate and the name of the person to whom it is registered. When stock changes hands, the transfer agent transfers the ownership of the stock from the seller’s name to the buyer’s name. The registrar reconciles all transfer records and makes sure that the number of shares debited is equal to the number of shares credited. HP’s transfer agent is Computershare. The transfer agent does not maintain records of shares bought and sold through brokerage accounts and held in “street name.” Those records are maintained by the specific brokerages through which the shares are bought and sold.
Transfer agents are individuals or entities that are charged with the responsibility of maintaining the shareholder records of a given company. The transfer agent may be a bank, a trust company, or even an individual who is hired by the company to oversee shareholder records. As part of the basic duties, a transfer agent will ensure that older share certificates are invalidated and destroyed, while new certificates are issued and assigned to the correct shareholder. Along with keeping the current listing of shareholders up to date, the transfer agent will also handle any troubleshooting that may arise. A transfer agent can intervene in the event that issued certificates are damaged or destroyed. Should the certificates be stolen, a transfer agent will take steps to replace the stolen certificates, after taking care to invalidate the older certificates. When a shareholder has any issues that concern the current status of the number of shares assigned to his or her account, the transfer
A transfer agent and registrar for a publicly held company keeps records of every outstanding stock certificate and the name of the person to whom it is registered. When stock changes hands, the transfer agent transfers the ownership of the stock from the seller’s name to the buyers’s name. The registrar reconciles all transfer records and makes sure that the number of shares debited is equal to the number of shares credited. Worthington’s transfer agent is National City Bank.
