Beneficial owner: The beneficial owner of a security is supposed to receive the benefits derived from ownership of the security, including income, voting rights, power to transfer, etc. Where a customer's assets are registered in the name of a brokerage firm, central depository or other nominee, the customer does not have legal ownership, but is the true owner entitled to all benefits accruing.

Beneficial ownershipDepository
Customer
Beneficial owner in our glossary: terms and definitions

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