Non-bank transfer agents generally are regulated by the U.S. They issue and cancel certificates, add and remove trading restrictions on securities, record transfers of securities ownership, and more.

Ī Transfer Agent (“TA”) records the ownership of a securities issuance. This mission over the years has introduced third parties to participate and decrease risk in capital markets such as custodians, central securities depositories, clearing houses, and Transfer Agents. Since the early days of Wall Street, when telegraphs delivered stock quotes from New York to Boston and curbside brokers traded off-book on the street outside the NYSE, there has been a persistent pursuit to create order out of chaos in the financial markets.