Series 7: Corporate Action Department

Taken from our Series 7 - General Securities Representative Exam

Definition of the term Corporate Action Department...

a back-office department that typically exists at larger member firms. Typical responsibilities include managing dividend payments from issuers to customers, mailing proxy information, and managing the changes to customers' shares after a stock split, merger, or similar action by an issuer.

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Lorraine Harrod, PNC, Lewes, DE