The transfer agent for a mutual fund physically safeguards the securities being bought and sold by that firm.

Name: The transfer agent for a mutual fund physically safeguards the securities being bought and sold by that firm.
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Question

Quizplus · Accepted Answer

The transfer agent is responsible for maintaining records of shareholder accounts, processing transactions, and distributing dividends, but not for physically safeguarding securities. That role is typically handled by a custodian.

The Transfer Agent for a Mutual Fund Physically Safeguards the Securities