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Brokers are responsible for buying and selling securities for clients on the open market. Transfer agents are responsible for keeping an accurate record of securities ownership, including transfers, cancellations, and titling. Brokers typically earn a commission for each trade.
Equiniti Trust Company, LLC (EQ) is RPM International Inc.'s transfer agent, ESPP administrator, dividend disbursing agent and dividend reinvestment and direct stock purchase plan administrator.
Consumer brands include Zinsser, Rust-Oleum, DAP, Varathane, Mean Green, Krud Kutter, Concrobium, Moldex and Testors. RPM International Inc. 1947 as Republic Powdered Metals Inc. The company has approximately 15,500 employees and operates 122 manufacturing facilities around the world.
RPM made several acquisitions in 1997, the largest of which was the purchase of Tremco Inc., an industrial sealants and roofing manufacturer for $236 million. It served as the platform for the Construction Products Group, RPM's largest operating segment today.
Transfer Agent Transfer agents work for the security issuer to record changes of ownership, maintain the issuer's security holder records, cancel and issue certificates, and distribute dividends. Transfer agents are usually banks or trust companies, but sometimes a company acts as its own transfer agent.