An underwriter keeps shareholder records and prepares official lists of shareholders and dividend payments.

Name: An underwriter keeps shareholder records and prepares official lists of shareholders and dividend payments.
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Question

Quizplus · Accepted Answer

An underwriter is responsible for buying securities from the issuer and reselling them to the public. They are not directly responsible for maintaining shareholder records or preparing lists of shareholders and dividends. This task is usually handled by a transfer agent or registrar.

An Underwriter Keeps Shareholder Records and Prepares Official Lists of Shareholders