Series 7 - General Securities Representative Exam
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If a client buys a listed stock and it is held in street name;
The stock certificate is sent to the customer
A
The listed stock is held at the NYSE for the client
B
The stock is held with a market maker for the client
C
The brokerage holds it on behalf of the client
D
Explanations
Held in "street name" is when the brokerage holds the stock on behalf of the client.