Lauren Mitchell has a margin account with a local brokerage firm, RL Brokers. She recently purchased 200 shares of Abbot Industries common stock that trades on the New York Stock Exchange (NYSE). These shares are held in street name and are registered under the name of:
A)Lauren Mitchell.
B)RL Brokers.
C)Abbot Industries.
D)the New York Stock Exchange.
E)the Securities and Exchange Commission.

Question

Quizplus · Accepted Answer

The shares are held in street name, meaning they are registered under the name of the brokerage firm, RL Brokers, and not under Lauren Mitchell's name.

Lauren Mitchell Has a Margin Account with a Local Brokerage