CREST is an electronic share settlement system established by the Bank of England in 1996, revolutionizing the way securities transactions are settled in the UK by enabling electronic registration and instantaneous settlement, ultimately streamlining dividend payments and eliminating the need for paper certificates.
A comprehensive guide to understanding the role, functions, and importance of the Financial Industry Regulatory Authority (FINRA) in maintaining market integrity and protecting investors.
The process in the securities industry where a private company offers its shares to the public for the first time. This transition involves the shift of company ownership from a few private shareholders to a broader base of public shareholders and brings the company under the regulatory and legal requirements applicable to public companies.
An ethical and regulatory concept in the securities industry mandating that brokers must have reasonable grounds for believing that their recommendations are suitable for the customer’s financial situation and needs.
The National Association of Securities Dealers (NASD) was a self-regulatory organization of the securities industry responsible for the regulation and oversight of broker-dealers in the United States.
A stock-transfer agent acts as a third-party intermediary to manage and maintain a company’s records of its shareholders, executing various tasks such as managing securities transfers, handling lost certificates, and distributing dividends.
