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

Transfer agents are responsible for maintaining records of securities owners, including managing the process of transferring ownership and distributing interest or dividend payments. Treasurers typically oversee financial operations and cash management for the company, while brokers facilitate transactions between buyers and sellers but do not typically maintain ownership records. Registrars may be involved in maintaining records of stock issuances and ownership, but do not typically manage ongoing ownership and payment information.

Keeping Track of Securities Owners for Payment of Interest or Dividends