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Message: Re: MF Global Fallout - New York...New York..

Nominee account

Investopedia explains 'Nominee'

A "nominee account" is a type of account in which a stockbroker holds shares belonging to clients, making buying and selling those shares easier. In such an arrangement shares are said to be held in street name.

Read more: http://www.investopedia.com/terms/n/nominee.asp#ixzz1g0foUsDi

Dec 10, 2011 03:39PM
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