Stock Lingo: Dummy Shareholder
Posted on Sun 16th Jul, 2006 09:22:54 PM
Some random stock lingo to close out a random weekend (at least it was here in Michigan!) via investopedia.co,.
A dummy shareholder is a shareholder who holds shares in his or her own name but they are really owned by someone else.
The only example given was of a husband holding shares for his spouse. I guess that makes sense.
Hope everyone had a great weekend.
Very entertaining issue. I haven’t heard of this one. It will be necessary to visit you on a thicket!