The record keeper employed by a public corporation to prepare and maintain records related to the accounts of their shareholders. Such information would include the name of each registered shareholder, his or her address and the number of shares owned. The agent oversees the issuance of certificates to new shareholders and the destruction of certificates that have been sold.
It does not matter if a transfer agent is owned by a bank or financial entity because it is a separately incorporated non-financial entity posing no financial risk to those it accounts.
Street Name:A term used for describing a stock that is held in the name of a brokerage firm, instead of the actual purchaser of the stock. When you buy a stock and let your brokerage firm hold the stock certificate on your behalf, the stock is said to be held in “street name.”
Nominee name:An official of a financial institution or some other appointed agent to whom securities or other funds are transferred by agreement with the actual owner. Nominees facilitate the collection and distribution of income from securities (when such securities are held in the name of a nominee), and facilitate the sale or purchase of securities when it may be inconvenient or impractical to obtain the necessary signature of the principal in order to conduct a transaction.
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There are many "inventive" ways that paper can be REHYPOTHECATED from the sheeple investors. Just beware that holding your own assets in a coming SHTF is essential. Many of you question whether you can time these events and of course the simple answer is NO. You may get lucky but most will not. If you are lucky enough to have a large retirment brokerage fund then begin taking some out and paying the interests and penalties and investing in a hard asset. If you are already diversified and have gold and silver and no debt then of course you have a little more latitude to play.
But nobody owns gold and silver outside of the true believers, and the sentiment is remarkably negative considering how positive things are at this point. If you look at the longer-term charts, they are spectacular. They are supportive of dramatically higher prices.
The fuse was lit yesterday, but the bottom line is the manipulators will try to keep the gold and silver markets trading in a counterintuitive manner in order to keep as many people away from these markets as possible.”
Embry also added: “Jeff Christian appeared on Canadian BNN on Monday, which is the Canadian version of CNBC, and Christian had the unmitigated gaul to say that he didn’t expect there would be any quantitative easing of any significance when Bernanke came forward, and the commodity complex would be crushed.
He suggested that everybody short gold and silver and everything, and he was looking for $1,550 on gold. How long does this guy get a free pass?”
Embry had this to say about silver: “I’m wildly bullish on silver. I don’t think the physical market has ever been this tight. I see ever greater demand for precious metals, and more and more of it will go to silver because gold will become increasingly expensive.
Consequently, I see the gold/silver ratio declining precipitously, which means if gold is going a lot higher, silver is going to rise multiples of the gold increase. So I couldn’t be much more bullish.”
Embry has this to say regarding the mining shares: “Finally the mining shares have rallied. We had been saying they were grotesquely oversold, and you know my view that it was not natural selling. There was financial repression, in a huge way, going on in that sector.
Now the unnatural selling we have seen is starting to be relieved. If I’m right on my gold and silver call, and I’m confident I am, the explosion in the share prices is going to be historic.” KWN