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Street Name SecuritiesSecurities of publicly traded companies held in the name of a stock broker or nominee are said to be held in "street name". This often occurs when securities are bought on margin, as the lender will be able to sell the shares without the consent of the owner in the event of a margin call. Securities held in street name are relatively easily traded, and some investors use this facility as an alternative to holding securities within a custodian account. When securities are held in street name, the issuing company sends dividend checks, annual reports, etc., to the broker instead of directly to the owner. The broker, upon receiving payments, will either forward them to the owner or will credit the amounts to the owner's account with the broker, depending on the instructions given by the customer.
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