SIE Understanding Trading, Customer Accounts and Prohibited Activities Practice Question 46

Correct Answer: A

Explanation:

A: Choice A is correct because each issuing firm keeps records of owners of its securities, so each change in ownership must be reflected in those records. Choices B and C are incorrect because publication is not used to change ownership of a security. Choice D is incorrect because this only occurs after the ownership change has been made on the books of the issuing firm.