Why is cost basis and other share detail not available for shares held in a common stock account at BNY Mellon?
BNY Mellon is acting as the transfer agent for SAIC stock. Transfer agents perform basic record-keeping services such as maintaining the total number of shares held by each registered stockholder. The additional account detail provided to holders of SAIC class A preferred stock required unique programming and administrative support. The cost basis and share information on shares of publicly traded stock is more typically maintained by stockholders’ brokerage firms.
