Staci owns 1,000 shares of stock in a margin account. Those shares are most likely held in:
A)transit.
B)her registered name.
C)street name.
D)a wrap account.
E)a discretionary account.

Question

Quizplus · Accepted Answer

It is common practice for stocks held in a margin account to be held in street name, meaning they are held in the name of the brokerage firm or its nominee rather than the individual's name. This allows for easier transfer and management of the shares.

Staci Owns 1,000 Shares of Stock in a Margin Account