Equities and other securities are usually held in street name[1], not the current owner's name, and they are not physically moved around, but rather consolidate

Equities and other securities are usually held in street name[1], not the current owner's name, and they are not physically moved around, but rather consolidated at clearinghouses. [1] http://www.investopedia.com/ask/answers/185.asp http://www.investopedia.com/ask/answers/185.asp