Transfer agent

A transfer agent is a bank or trust company that has been designated by a corporation to maintain its investor records. A transfer agent engages in the following activities:

  • Records transactions
  • Cancels stock certificates
  • Issues stock certificates
  • Handles investor mailings
  • Handles lost/stolen stock certificate claims

Physical stock certificates are not always issued by a transfer agent. Instead, the agent may make a book-entry transaction to electronically record a share-related activity.