A transfer agent is an agency, usually a bank, that keeps track of the individuals and entities that own the stock and bonds of a corporation. Sometimes a corporation will act as its own transfer agent.
The role of a transfer agent is divided into three general categories: issuing and canceling certificates, acting as an intermediary for the company, and handling lost, destroyed or stolen certificates. Maintaining the records of all investors and account balances and transactions is increasingly difficult the more shareholders a corporation has. The Securities and Exchange Commission website explains the role of a transfer agent and what they do at http://www.sec.gov/answers/transferagent.htm.
The Bradshaw Law Group can help you find a suitable transfer agent for your corporate needs. Call us today at (917)830-6517.