Typically,shares of stock are stored in the vault of the brokerage firm and you,as owner,will not take physical possession.Under these circumstances the brokerage firm is the ________ and you are the ________.

Question

Quizplus · Accepted Answer

The brokerage firm is considered the "owner of record" because it holds the shares in its name, while you, as the investor, are the "beneficiary owner" because you have the beneficial rights to the shares, such as dividends and voting rights, without holding the physical stock certificates.

Typically,shares of Stock Are Stored in the Vault of the Brokerage