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| Author: | Brown, D. |
| Title: | Why do we need stock brokers? |
| Journal: | Financial Analysts' Journal
1996 : MAR-APR, VOL. 52:2, p. 21-30 |
| Index terms: | FINANCE STOCK EXCHANGES STOCKBROKING |
| Language: | eng |
| Abstract: | The current and future states of the stock-brokerage industry are affected by the SEC's recent proposal for direct registration and by recent innovations in technology. Direct registration allows for book-entry shares registered in the names of corporate issuers as an alternative to the current practice of street-name registration. Enactment of this proposal will shorten the time required for transfer of book-entry shares between street names or from directly registered form to street-name form. |
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