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What is the difference between a registered shareholder and a beneficial holder (shares held in street name)?

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What is the difference between a registered shareholder and a beneficial holder (shares held in street name)?

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A registered shareholder receives an actual stock certificate (denoting number of shares) registered in their name and controls the certificate’s physical location. A beneficial holder (or street name shareholder) is a shareholder who deposits their shares in a brokerage account which holds the shares in “street name”, meaning that their shares are registered in the broker’s (street) name.

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