IIA
IIA-CFSA · Question #365
Banks also serves as "registrar" for stocks and bond issues. The registrar accounts for all shares issued, certificates outstanding, and Certificates cancelled. The role/s of the registrar is/are:
The correct answer is D. All of these. See the full explanation below for the reasoning.
Question
Banks also serves as “registrar” for stocks and bond issues. The registrar accounts for all shares issued, certificates outstanding, and Certificates cancelled. The role/s of the registrar is/are:
Options
- ATo ensure that the transfer agent does not issue too many shares
- BThat old certificates are properly cancelled
- CThat new certificates are properly issued in the correct numerical sequence
- DAll of these
How the community answered
(44 responses)- A5% (2)
- B2% (1)
- C14% (6)
- D80% (35)
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