Street Name
Categories: Stocks, Managed Funds, Trading
Shares are yours, but the broker holds them in her name (the street name). Why? If you decide to sell or trade, it's easier to make the trades without you having to sign a bunch of papers.
Shares are yours, but the broker holds them in her name (the street name). Why? If you decide to sell or trade, it's easier to make the trades without you having to sign a bunch of papers.