Nominees: nightmare or necessity?
Article Abstract:
Nominee accounts provide UK investors with a means of dealing with paperwork in a timely fashion, but some investors are concerned that they involve too much loss of control. Investors do not legally own stock held in a nominee account, which belongs to the nominee company. There is no automatic cover from the Investors Compensation Scheme and this may be tackled by the Securities and Investments Board. Nominee accounts are becoming increasingly common so shareholders should have similar rights as those who do not use such accounts.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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No nominees, please, we're nervous
Article Abstract:
UK investors tend to prefer not to use nominee accounts for a number of reasons, and they rate brokers highly when they do not pressure investors into using nominee accounts. Some 36% of those surveyed by Investors Chronicle use nominee accounts in 1996 compared with 35% for 1995. Some 52% do not intend ever to use nominee accounts. Investors often prefer to hold their own share certificates and may be concerned with losing rights as shareholders if they use nominee accounts.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Nominees smoulder on
Article Abstract:
United Kingdom investors prefer not to use nominee accounts, according to those responding to a questionnaire from Investors Chronicle journal. Nominee accounts are geared to reducing settlement times and involve stocks being held in the name of a broker. Around 35% of investors uses these accounts and a third use stockbrokers who do not make usage of nominee accounts compulsory. Some investors are happy with nominee accounts, and others only use them when forced to do so.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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