CORRECT! The Transfer Agent TRANSFERS THE SHARES, but has no role in selling the shares! Even a direct sale is between the company and the buyer. The Tranfer Agent's role is to deliver the shares to the buyer, i.e. the shares are "transferred".
It is nonsense to include a slash between "transfer agent" and "mm", implying these folks somehow perform similar functions. MM's make the market! Transfer agents do not!
..."transfer" the shares from the company to the public...
Disagree? I posted the Investopedia definition of a Transfer Agent to support my contention and it provided NO INDICATION A TRANSFER AGENT SELLS SHARES. Please post a similar verifiable definition to support the claim a Transfer Agent does in fact sell shares.
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