Transfer Agents | Investor.gov (2024)

FAQs

How do you find out who the transfer agent is for a stock? ›

Most issuers identify their transfer agent on their company website under the “Investor Relations” tab. You may need to contact the company directly to obtain the transfer agent's name and contact information.

The annual salary for transfer agents ranges from $21,000 to $29,000 per year. About 43% of transfer agents have a bachelor's degree.

(c) The records required by § 240.17Ad–6(a) (8), (9) and (10) and (b) shall be maintained in an easily accessible place during the continuance of the transfer agency and shall be maintained for one year after termination of the transfer agency.

For publicly-traded companies that are listed on an exchange, do proxy voting, and pay dividends, there are a lot of complexities and so they are required to have a registered transfer agent.

Visit bseindia.com. Search for the company. Click on Corp Information and scroll down to find the registrar's details.

Computershare maintains its lead with 25.7% market share in 2022 compared to 27.2% in 2021.

The top 5 transfer agents for the total population market share include Computershare/BNY Mellon, Equiniti Trust Co/American Stock Transfer & Trust, Continental Stock Transfer & Trust, Broadridge, and Vstock Transfer.

Once the transfer agent receives the shares and puts them into the book entry system under your name, you can sell the shares. You'll need to contact the transfer agent, via mail or telephone, and ask that the shares are sold.

Transfer agents are responsible for issuing and cancelling stock certificates as shares are bought and sold, for replacing lost documents and for distributing cash and stock dividend payments to shareholders.

Section 17A(c) of the 1934 Act requires that transfer agents be registered with the SEC, or if the transfer agent is a bank, with a bank regulatory agency. There is no SRO that governs transfer agents.

What is the 17a-4 rule? ›

17a-4(c) Every member, broker or dealer subject to § 240.17a-3 must preserve for a period of not less than six years after the closing of any customer's account any account cards or records which relate to the terms and conditions with respect to the opening and maintenance of the account.

Registrars can be record keepers. But the transfer agents work as shareholders' record-keepers and corporate services providers. The work of the transfer agent is to see how many outstanding shares are present. In addition, they look at how many shares are being traded daily and their respective owners.

Transfer Agents Requirements:

Strong decision-making abilities. Detailed knowledge of stock trading and related industry markets. Outstanding persuasive and customer service skills. Mathematical aptitude.

Computershare acts as transfer agent/registrar to a range of US companies. For these companies, registered shareholders can manage their own holdings directly using our online platform, Investor Center.

Represents a shareholder servicing agent that maintains shareholder records, prepares shareholder reports and maintains the customer service department. Often seen when no 12b-1 fee is in place. This figure is pulled from the fund's annual report and depicted in U.S. Dollars.

Transfer Agent Verified

Transfer agents are hired by a company to maintain its investor records. In other words, this badge means that investors are receiving reliable share data, such as authorized and outstanding shares, from a trusted source.

A transfer agent's principal functions are to issue and cancel certificates to reflect changes in ownership of the securities of an entity and to act as an intermediary for the company. A registrar's function is to maintain the register of the issuer for each issue of securities.

Transfer Agent Verified Shares Program means OTC Markets Group's program that enables eligible stock transfer agents to report their clients' share data, including authorized and outstanding shares, to OTC Markets Group on a regular basis via a secure, electronic file transfer.

These companies receive fees for their services. These third-party companies specialize in providing transfer agent services and many corporations find the expense of hiring a third-party company well worth it.

Wendy's maintains the Investors Choice Dividend Reinvestment & Direct Stock Purchase and Sale Plan (the "Plan") that is administered by our transfer agent, Equiniti Trust Company (“EQ”).

What is the difference between transfer agent and broker? ›

The roles of brokers and transfer agents:

Brokers are responsible for buying and selling securities for clients on the open market. Transfer agents are responsible for keeping an accurate record of securities ownership, including transfers, cancellations, and titling.

Fidelity Investments is creating a next-generation modern transfer agent, Fidelity Stock Transfer Solutions (“FSTS”).

The Fast Automated Securities Transfer Program (FAST) is a contract between DTC and transfer agents that eliminates the movement of physical securities by allowing agents to act as custodians for DTC. The FAST program was introduced in 1975 with a few hundred issues and several agents.

The custodian will create an account for the ETF where they'll hold the fund's assets. There, the fund adviser can manage them for the benefit of its shareholders. Assets move in and out of the fund by means of creation and redemption – a process the custodian and transfer agent work in tandem to facilitate.

Certified copies of supporting documentation must be attached and returned with the original transfer form. A fee of $69 (incl GST) is required in respect of security validation checks that are carried out in relation to off-market transfers.

General Public Ownership

The general public holds a substantial 54% stake in Computershare, suggesting it is a fairly popular stock. This size of ownership gives investors from the general public some collective power.

You can buy and sell a stock on the same day, which is known as day trading, but there are certain restrictions which you need to be aware of.

A transfer agent is a financial services company that manages and keeps track of registered shareholders for companies that issue stock.

Transfer agents keep records of who owns a company's stocks and bonds and how those stocks and bonds are held—whether by the owner in certificate form, by the company in book-entry form, or by the investor's brokerage firm in street name. They also keep records of how many shares or bonds each investor owns.

An in-kind or ACAT transfer allows you to transfer your investments between brokers as is, meaning you don't have to sell investments and transfer the cash proceeds — you can simply move your existing investments to the new broker.

Do private companies use transfer agents? ›

They are tasked with the responsibility of maintaining accurate records regarding all securities issued by the company. For a private company, a transfer agent is incredibly important when dealing with investors.

Yes. Transfer agents are governed by Section 17A of the Securities Exchange Act of 1934 and the rules thereunder.

A custodian is an entity (such as a broker-dealer, bank, or transfer agent) that holds securities on behalf of investors, who are the "beneficial owners" of the securities.

Exchange Act Rule 15c3-5 (Market Access Rule) requires broker-dealers with market access or that provide market access to their customers to “appropriately control the risks associated with market access so as not to jeopardize their own financial condition, that of other market participants, the integrity of trading ...

Rule 17a-3(a)(6) requires brokers to make a memorandum (ticket) for each brokerage order received for the purchase or sale of securities, whether or not executed. Rule 17a-3(a)(7) requires similar information for dealer trade tickets for transactions executed with customers.

Rule 17a-3 (and Rule 17a-4) states that firms must: Ensure the retention and preservation of all transactions and official business records - including all communications. Store these electronic records in a secure, non-erasable location.

In addition, transfer agents act as a proxy agent (sending out proxy materials), an exchange agent (exchanging a company's stock or bonds in a merger), a tender agent (tendering shares in a tender offer), and a mailing agent (mailing the company's quarterly, annual, and other reports).

401(k) recordkeepers track assets in retirement plans. They may do other things as well, but a recordkeeper's main function is to track how much you have, where it is, and what type of money it is. Recordkeeping fees may be paid by employers, employees, or both.

A letter from the company authorizing its transfer agent and registrar to issue formal stock certificates corresponding to the stock sold in an offering and to deliver the stock certificate to the underwriters, who have purchased the stock in the offering and re-sold it to investors.

Transferable skills, or portable skills, are all the skills that you take with you from one job to another. The ability to clearly communicate ideas to others, solve unexpected problems, or work well in a team are all examples of transferable skills.

Is the transfer agent usually a bank or trust company? ›

Most transfer agents are banks or trust companies, but sometimes a company acts as its own transfer agent. Transfer agents perform three main functions: Issue and cancel certificates to reflect changes in ownership.

Computershare Shareowner Services LLC maintains JPMorgan Chase's registered shareholder records and can answer specific questions about shareholder accounts and transactions.

U.S. Bancorp Stock

Call our transfer agent, Computershare, at 1-888-778-1311 for an enrollment kit including a plan prospectus.

In almost all cases, a 3% balance transfer fee is worth paying, and sometimes even a 5% fee. Credit cards have extremely high interest rates, and because of that, credit card debt can be very difficult to get out of.

Transfer Agent

The easiest way is to contact the company and ask it directly. You can usually find the number of the company or the name of the transfer agent on the company's website; generally, publicly listed corporations have an investor-relations link on their sites.

Computershare Trust Company, NA (Computershare) is the Transfer Agent, Registrar, Recordkeeper, Disbursing Agent and Dividend Reinvestment Administrator for Eversource common stock. Computershare is a global market leader in transfer agency services.

For Textron shareowner account information, write to: American Stock Transfer & Trust Company, 59 Maiden Lane, Plaza Level, New York, NY 10038. You may also call +1 (866) 621-2790 or from outside the US +1 (718) 921-8200 or fax +1 (718) 236-2641.

Your local library may have print and online sources that will help you find out, in what form, and if its stock still has value. You can do a quick check on free stock market quote services, such as: Big Charts. Over the Counter Bulletin Board (OTCBB)

An old stock or bond certificate may still be valuable even if it no longer trades under the name printed on the certificate. The company may have merged with another company or simply changed its name.

What happens to unclaimed stock certificates? ›

Unredeemed, unexchanged or fractional shares are escheatable three years after the date the second mailing of a certificate, statement of notification is returned as undeliverable, or the date the holder discontinued mailings to the apparent owner.

Once the transfer agent receives the shares and puts them into the book entry system under your name, you can sell the shares. You'll need to contact the transfer agent, via mail or telephone, and ask that the shares are sold.

The advantage of using a transfer agent to buy and sell a company's stock is that it is less likely than a broker to charge any commissions and investors receive communications directly from the corporation, instead of documents going through a broker first.

The roles of brokers and transfer agents:

Brokers are responsible for buying and selling securities for clients on the open market. Transfer agents are responsible for keeping an accurate record of securities ownership, including transfers, cancellations, and titling.

No. Investors do not need an account with Computershare in order to be registered via DRS.

Distribution of Funds and Shares

Similarly, transfer agents send cash dividend payments to stock investors, once the companies they invest in generate sufficient earnings. Transfer agents also send stock shares to investors after a stock split.

On average, Wall Street analysts predict that Textron's share price could reach $88.50 by Dec 15, 2023.