Transfer agents perform three main functions: Issue and cancel certificates to reflect changes in ownership. For example, when a company declares a stock dividend or stock split, the transfer agent issues new shares. Transfer agents keep records of who owns a company’s stocks and bonds and how those stocks and bonds are held—whether by the owner in certificate form, by the company in book-entry form, or by the investor’s brokerage firm in street name. They also keep records of how many shares or bonds each investor owns. Act as an intermediary for the company. A transfer agent may also serve as the company’s paying agent to pay out interest, cash and stock dividends, or other distributions to stock- and bondholders. In addition, transfer agents act as proxy agent (sending out proxy materials), exchange agent (exchanging a company’s stock or bonds in a merger), tender agent (tendering shares in a tender offer), and mailing agent (mailing the company’s quarterly, annual, and other reports). Handle lost, destroyed, or stolen certificates. Transfer agents help shareholders and bondholders when a stock or bond certificate has been lost, destroyed, or stolen. If this has happened to you, read our publication entitled Stock Certificates, Lost, Stolen. Also, if you hold securities in your own name and want to transfer or sell them, you may need to get your signature "guaranteed" before a transfer agent will accept the transaction. For information about transferring your securities, please read "Signature Guarantees: Preventing the Unauthorized Transfer of Securities" in our Fast Answers databank. In many cases, you can find out which transfer agent a company uses by visiting the investor relations section of the company’s website. You also can use the website of the Securities Transfer Association, a private trade organization of transfer agents. The STA provides general information about the functions of transfer agents. Please note that the STA is not equipped to respond to individual inquiries via the telephone, mail, or e-mail. Shareholders with any transfer related inquiries would be best served by speaking to the transfer agent or issuer for the security in question, or their broker-dealer. Tags: stock transfer services tips, albano brokerage, transfer agents albano
0 Comments
Prior to moving accounts from one firm to another, it is always a good idea to review and understand the transfer process. In addition, communicate with the new firm and determine whether any specific policies or constraints might impact the transfer of your account. For example, if you have a margin account, you should ask if the new firm will accept a margin account and, if so, what are its minimum requirements. In short, make sure the intended new firm is a good fit for you before you attempt to transfer the account. In addition, investors can become familiar with the account transfer process by discussing it with the new firm. Ask questions, like the anticipated length of the transfer process given the specific type of account (such as cash, margin, IRA, custodial) and the assets held (such as stocks, bonds, options, limited partnership interests). Inquire about anything that may cause a delay during the account transfer process. Ask how the firm informs customers that the transfer process is complete? Investors should also consider that buying and selling securities during the account transfer process often complicates and delays the transfer. Some firms will even "freeze" an account that is in the process of being transferred, meaning that no trades will be permitted until the transfer is complete; an important point to discuss with the firms prior to initiating the transfer. As a result, investors are best served if they avoid trading during the transfer process. For example, if ABC security is a volatile stock and you are concerned about not being able to sell your stock during the transfer process, you should consider selling ABC before entering the transfer request. Tags: stock transfer services tips, albano brokerage, transfer agents albano
The more common term “physician” has also become synonymous with MD. To be a physician, in general, is to be qualified to provide essential health care using methods recognized by most public institutions as in keeping with accepted modern medical practices. This does not mean, of course, that ancient practices which have proven to be effective are without value in the modern medical profession. It only means that we have progressed to the level of fine-tuning the human capability to provide health care and to alleviate the sufferings of millions of sick people. And the people tasked with providing such highly-specialized skills also possess higher amounts of persistence, diligence and self-sacrifice than most people. Dr. Richard Isaacs, MD, is a prime example of the qualified modern physician who has made good use of the worldwide web to present his credentials and his services to those who require medical care or assistance. A lot of people might either be surprised or turned off by such a direct approach to promoting one’s profession to the greater virtual community out there. That is because it might come out as somewhat demeaning to the noble profession of the physician which many consider to be more altruistic or service-oriented than most other vocations. But that was common in the older times when medical practitioners worked silently in the bigger institutions, hospitals or hole-in-the-wall clinics they worked in. Today, doctors form so-called poly-clinics to provide a para-hospital alternative facilities for providing diagnostic and consultancy services. Most doctors, in the past, made do with putting up a sign on their home front-door as simple private general practitioners with a handful of devoted patients in their immediate neighborhood or locality. However, today, the number of physicians and medical-help providers has multiplied and the means of providing such services have become more dynamic and diverse with the aid of technology. A doctor does not need to be with the patient to provide care, especially with common ailments. Or even in more serious cases where the doctor cannot be present and as long as there are other qualified professionals who can administer the prescription in an acceptable manner. Hence, it is not uncommon for a patient to be in a hospital for a couple of days, for instance, without having been visited by a medical specialist who may be preoccupied somewhere else although she does gets proper medical care under resident doctors. Times change and the way doctors apply their skills has also evolved with the times and the needs of the growing population. Tags: Dr. Richard Isaacs
Five Sacramento-area companies won top honors at a luncheon Friday for their employee health and wellness efforts. Rood & Dax Advanced Insurance Services Inc. of Sacramento won in the micro category (10 – 50 employees). Dr. Richards Isaacs accepts a Healtiest Employers award on behalf of Kaiser Permanente Northern California. Kaiser won in the mega category (10, 000-plus employees). The health care nonprofit, which has made healthy living a central message in its advertising years, has had a wellness program since 2002. Tags: Dr. Richard Isaacs, Richard Isaacs MD
|
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |