SIE Exam Practice Question 233

Question: 233

Every publicly-traded corporation is required to have a transfer agent and a registrar. The primary distinction between the two is:

A. The registrar keeps the record of all stock and bondholders

B. The transfer agent ensures that dividend payments go out to all registered owners of record on the payable date.

C. The transfer agent transmits the payment for securities from the purchaser to the seller in all secondary market trades.

D. They are not different --- they perform the same function