Series 7 - General Securities Representative Exam

Preview Mode

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.