JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

Your response and others leads me to the same conclusion that we are all beneficial owners since our shares are held by a broker in street name, and as such we all should be receiving letters.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133774225

RO email Quote:
Yes this letter was sent to all "beneficial" owners of record as of August 1, 2017.

From Scottrade:

Stock Ownership
Originally, investors received stock certificates when they bought shares of stock. The paper certificate would state the investor's name as well as the number of shares and any other important information. Because approximately three billion shares are traded every day, paper certificates have become impractical. Today, the vast majority of stock purchases are recorded electronically in book entry form. This way, when the stock changes hands, one investor's name can easily be changed for another on the electronic record.

You can register your securities in either street name or through direct registration when recording your investments in book entry form.

About 75% of all electronic registrations are done in street name, meaning the securities are registered in the name of your brokerage firm.

From Investopedia:

What is a 'Beneficial Owner'
A beneficial owner is a person who enjoys the benefits of ownership even though title to some form of property is in another name. It also means any individual or group of individuals who, either directly or indirectly, has the power to vote or influence the transaction decisions regarding a specific security, such as shares in a company.

BREAKING DOWN 'Beneficial Owner'
For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial owner, even though, for safety and convenience, the bank or broker holds title. Beneficial ownership may be shared among a group of individuals. If a beneficial owner controls a position of more than 5%, it must file Schedule 13D under Section 12 of the Securities Exchange Act of 1934.

Read more: Beneficial Owner www.investopedia.com/terms/b/beneficialowner.asp#ixzz4pTWSwhck