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
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Carman stopped exercising after leaving the military in 1991, and the pounds began piling on. But after his father died at age 54, and at the urging of his daughter, a nursing student, Carman decided in 2012 to start making a change. The constant encouragement Carman receives through Kaiser has helped him overcome his biggest obstacle: sticking with his exercise program consistently. “I’m just very grateful for everything my employer does,” Carman said.
While many employers encourage a healthy workforce, Kaiser, which employs 66,000 in its Northern California region, including 12,000 in the Sacramento area, has an additional motivation as a health-care provider. “We want all of our staff and physicians to be role models for our community,” said Dr. Richard Isaacs, physician-in-chief of Kaiser Permanente South Sacramento Medical Center. Kaiser’s program offers more than 250 wellness options that focus on six categories: physical activity, healthy eating, emotional health, prevention, healthy workplace and healthy community. Issacs, a head and neck surgeon, said the program has caused a cultural transformation at the company, reducing absenteeism and making employees happier and more engaged. Employees encourage colleagues to get involved, take lunch-time walks or train for competitions. There are free exercise classes, with yoga, Zumba and boot camp among the popular options. |
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