Hmmm... I was under the impression that my Vanguard Brokerage Services account is in "my name" but that everything within
it is held "in street name."
The SEC wrote:When you buy a security, whether through your broker or from the company itself, you can ask to have the actual stock or bond certificates sent to you. You may have to pay a nominal fee for the added expense of issuing a paper certificate.
I could have sworn I read somewhere that brokerages discontinued the practice of supplying physical stock certificates a few years ago. Nope, I guess not. But Schwab charges $50 for the certificate
and is about to start charging $500
. Does the SEC consider that to be "nominal?" Sure--they're charging you a nominal egg.*
*Pun. Read it aloud. Think New England accent.
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.