nominee holding

Nominee Holding

The act or practice in which a company, usually a brokerage, holds legal ownership of a security while beneficial ownership is held by someone else, usually a client. Nominee holding facilitates trade; that is, the brokerage can sell the security directly rather than needing to seek the client's permission for each transaction. The client receives all dividends and other benefits of ownership. This has become more common as securities have become increasingly digitized.

nominee holding

the SHARES in a JOINT-STOCK COMPANY that are held under the names of a token shareholder on behalf of their ultimate owners. Nominee holdings are used where a person or institution wishes to keep secret the extent of their shareholding in a company, often as a prelude to a TAKEOVER initiative.
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com/storyline/data-points/poll-clinton-maintains-national-lead-over-trump-despite-fbi-letter-n675771) NBC News/Survey Monkey, meanwhile, showed the Democratic nominee holding steady, up 6 points over Trump.
The bank, brokerage or nominee holding the shares must advise the Depository Trust Company about their full and fractional share requirements by 19 June 2015.
It disputed the General Court's assessment of the meaning of a concentration and the characterisation of the nominee holding arrangement.
Loyal Assistant Award: Presented to the nominee holding the longest consecutive employment record with one employer.