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In Street Name |
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In Street Name A brokerage account where the customer's securities and assets are held in the name of the brokerage firm, rather than you holding the stock certificate yourself. The customer is still listed as the real or beneficial owner. Notes: In street name accounts are very common. You won't get a certificate, but you will receive a monthly/quarterly statement showing your holdings. |
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? Mentioned in | ? References in periodicals archive | |
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The NOBO list is a non-objecting beneficial owners list that offers the names and share positions of the clients of banks and brokers who hold their positions in street name. Clearly, the shares held in street name will take longer to distribute, but since all of the dividend shares are, by Securities and Exchange Commission regulations, restricted subject to Rule 144 of the Securities Act of 1933, no shareholders will be at a disadvantage by not receiving their stock as quickly as others. The distribution all of the dividend shares is expected to occur over several weeks and will include the participation of brokers for those shareholders that hold their stock in street name. |
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In Street Name
