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> There's a difference in many US brokerages between having your stocks held in your name versus having them held in "street name" (i.e., in the brokerage's nam
by justin66 4y ago
> There's a difference in many US brokerages between having your stocks held in your name versus having them held in "street name" (i.e., in the brokerage's name).
This is irrelevant - a US brokerage cannot arbitrarily trade your shares, whether or not your shares are held in street name.
> GP could probably purchase the shares and be issued stock certificates that they could physically own, in which case there would be no chance of a brokerage being able to sell them.
This is equivalent to suggesting someone put their cash in a mattress rather than using a bank. The real solution is to find a better bank.
- cykros 4y ago> This is irrelevant - a US brokerage cannot arbitrarily trade your shares, whether or not your shares are held in street name. Indeed. It seems most people think the Hypothecation agreement on a Margin account is something brokerages can do without having such an agreement on file. They can't.