What is a “registered” owner? What is a “beneficial” owner?
As a shareholder of a public company you may hold shares directly or indirectly:
- A registered owner or record holder holds shares directly with the company.
- A beneficial owner holds shares indirectly, through a bank or broker-dealer. Beneficial owners holding their shares at a broker-dealer or bank are sometimes said to be holding shares in “street name.” The majority of U.S investors own their securities this way.