Keeping track of securities owners for payment of interest or dividends is usually done by the company's:
A)treasurer.
B)broker.
C)transfer agent.
D)registrar.

Question

Quizplus · Accepted Answer

The transfer agent is responsible for maintaining records of securities owners, including the payment of interest or dividends. The treasurer may be responsible for managing a company's financial resources, but not necessarily for keeping track of securities owners. A broker facilitates the buying and selling of securities on behalf of clients. A registrar is responsible for ensuring the accuracy of a company's shareholder records.

Keeping Track of Securities Owners for Payment of Interest or Dividends