Business, Legal & Accounting Glossary
A registered security is a security whose ownership is registered with the issuer. A registered security cannot be sold or transferred or delivered to another party unless certain sale restrictions are met or unless the owner of the registered security authorizes such a transfer. A registered security gives the issuer the information needed to pay dividends and deliver notices to the owner. Restricted stock is another name for a registered security. A registered security may also be a security with a registration statement filed with the SEC. A registered bond is also known as a registered security, where the bond’s owner is recorded with the issuer and the bond may only be transferred to another owner at the endorsement of the registered owner.
A registered security means the transfer agent records the name of the security owner. Registration gives the issuer names and addresses for distribution of annual reports, dividends, interest, proxy statements, proxies, and other shareholder information. It also makes the sale of stolen securities difficult or impossible.
In the case of the Federal government, the body of law comes from laws enacted by Congress and interpretations of those laws from court cases. Government agencies issue regulations to clarify and standardize implementation of the law.
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This glossary post was last updated: 29th November, 2021 | 0 Views.