Which one of the following is generally true concerning securities held in street name?
A)The securities are registered under your mailing address rather than your name.
B)There is a greater likelihood the security may be stolen.
C)All dividend checks are mailed to your street address.
D)The annual stock report is mailed directly to your street address.
E)The brokerage firm is the owner of record.

Question

Quizplus · Accepted Answer

Securities held in street name means that the brokerage firm is the owner of record. This arrangement is common because it allows for easier transfer of ownership and transaction processing. The securities are not registered under the investor's name, but the investor still retains all the rights and benefits of ownership, including voting rights, dividends and stock reports.

Which One of the Following Is Generally True Concerning Securities