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Beneficial Owner

   Also found in: Wikipedia 0.01 sec.
Beneficial Owner
As used for most purposes under the federal securities laws. A beneficial owner of stock is any person or entity with sole or shared power to vote or dispose of the stock. This SEC definition is intended to include a holder who enjoys the benefits of ownership although the shares may be held in another name.

Beneficial Owner
A person who has effective ownership of a security or other property without actually holding title to it. This especially refers to holding voter proxy or investment power over a share or transaction, whether directly or indirectly. See also: Double-dip lease.

beneficial owner
The owner of a security registered in another name. For example, investors often leave securities in trust with their brokerage firms. Although the brokerage firm is shown on the issuer's books as the owner of record, the investor is the beneficial owner.

Beneficial owner. When your stocks are registered in street name, the brokerage firm has title to the stocks but you are the beneficial owner, or the person who actually benefits from owning the stock.



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However, the Commission has observed that some listed companies and some beneficial owners are not filing their aforementioned returns with head office of the Commission.
The MP has become a beneficial owner of the plot of land bought by Greenpeace, in a bid to stop runaway climate change.
He wrote to Tory MP Nigel Evans, who raised it: "Even if (and this is, I understand, denied by him) Mr Mills was the beneficial owner of the Old Monk Company shares, Ms Jowell was not obliged by the Rules of the House to register them.
 
 
 
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