17 Dec
2003
17 Dec
'03
11:17 p.m.
Perry Metzger says,
Yup. The certificate is held in street name -- the name such certificates are held in is "Ceed & Co." for obscure reasons I've never been able to fathom.
I think it's Cede & Co. The original reason, which may not still hold, was that it was rather cumbersome to transfer securities held in the name of a corporation, much easier to transfer those in a partnership's name. Thyus, the clearing corp formed a partnership to hold the securities.