What is one primary function of a stock registrar?

A primary function of a stock registrar is to authenticate stock issuances. The stock registrar plays a critical role in ensuring that the issuance of stocks is accurate and legitimate. This involves maintaining an official list of stockholders and their respective holdings, which helps prevent fraud and ensures that the corporation's stock records are reliable.

By authenticating stock issuances, the registrar safeguards the integrity of ownership records and ensures that stocks are issued only to eligible parties. The registrar verifies that the stock certificates are correctly assigned to the rightful owners, thereby maintaining proper ownership documentation and enabling smooth transactions when stocks are bought or sold.

In contrast, options such as managing customer accounts, evaluating loan applications, and issuing corporate stock pertain to different functions typically handled by other financial institutions or departments within a corporation. These roles do not align with the specific responsibilities of a stock registrar, emphasizing the importance of the registrar's role in the accurate management of stockholder information and corporate equity.