Electronic Depository Safe

Digital Electronic Home Security Safe Cash Jewelry Box Depository Gun CabinetDigital Electronic Home Security Safe Cash Jewelry Box Depository Gun CabinetPaypalUS $41.9016d 11h 40m
Cash Jewelry Box Depository Gun Cabinet Digital Electronic Home Security SafeCash Jewelry Box Depository Gun Cabinet Digital Electronic Home Security SafePaypalUS $54.951d 22h 37m
Electronic Home Security Safe Cash Jewelry Box Depository Gun Cabinet DigitalElectronic Home Security Safe Cash Jewelry Box Depository Gun Cabinet DigitalPaypalUS $54.952d 1h 24m
Depository Safe Electronic Security Drop Safe Home Commerical Security NewDepository Safe Electronic Security Drop Safe Home Commerical Security NewPaypalUS $79.9526d 7h 53m
Protex Top Rotary Hopper Depository Electronic Safe RD-2014Protex Top Rotary Hopper Depository Electronic Safe RD-2014PaypalUS $487.0028d 9h 7m
Mesa Safe Co. 0.8-Cu. Ft. Depository Safe with Electronic LockMesa Safe Co. 0.8-Cu. Ft. Depository Safe with Electronic LockPaypalUS $310.9928d 4h 53m
Protex Depository Top-Loading Electronic Burglary Safe HD-34CProtex Depository Top-Loading Electronic Burglary Safe HD-34CPaypalUS $259.0028d 4h 34m
Mesa Safe Co. Depository Safe 27Mesa Safe Co. Depository Safe 27" H with Electronic Lock MFL2731EEPaypalUS $908.0822d 11h 39m
Protex B-Rated Large Depository Safe Locking-Interior Electronic Lock FD-4020KProtex B-Rated Large Depository Safe Locking-Interior Electronic Lock FD-4020KPaypalUS $1,059.0022d 3h 28m
Hollon Safe Co Electronic Lock Rotary Hopper Depository Safe  RH-2014EHollon Safe Co Electronic Lock Rotary Hopper Depository Safe RH-2014EPaypalUS $427.0017d 12h 9m
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Depository Safe Electronic Security Drop Safe Home Commerical Security NewDepository Safe Electronic Security Drop Safe Home Commerical Security NewPaypalUS $87.951d 7h 14m
MESA Depository Electronic Safe MFL2014E-OLK NEWMESA Depository Electronic Safe MFL2014E-OLK NEWPaypalUS $447.0018d 6h 40m
MESA Depository Safe Electronic Double Door MFL2731EEMESA Depository Safe Electronic Double Door MFL2731EEPaypalUS $834.9019d 2h 19m
MESA Depository Safe Electronic Small MFL2014EMESA Depository Safe Electronic Small MFL2014EPaypalUS $327.0019d 2h 19m
New Mesa Depository Safe Electronic Steel Lock Front Hopper Home Office SecurityNew Mesa Depository Safe Electronic Steel Lock Front Hopper Home Office SecurityPaypalUS $474.8921d 3h 48m
MESA Depository Safe Electronic Outer Lock MFL2014E-OLKMESA Depository Safe Electronic Outer Lock MFL2014E-OLKPaypalUS $447.0019d 18m
Mesa MFL2731EE Depository Drop Safe w/ Electronic LockMesa MFL2731EE Depository Drop Safe w/ Electronic LockPaypalUS $917.3312d 1h 10m
Mesa MFL2714E Depository Safe with Electronic LockMesa MFL2714E Depository Safe with Electronic LockPaypalUS $455.3312d 57m
Mesa MFL2014E Depository Safe with Electronic LockMesa MFL2014E Depository Safe with Electronic LockPaypalUS $377.3312d 50m
MESA Depository Electronic Safe MFL2014E NEWMESA Depository Electronic Safe MFL2014E NEWPaypalUS $327.008d 11h 50m
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Electronic Depository Safe
Electronic Depository Safe



Digital Electronic Home Security Safe Cash Jewelry Box Depository Gun CabinetDigital Electronic Home Security Safe Cash Jewelry Box Depository Gun CabinetPaypalUS $41.9016d 11h 40m
Cash Jewelry Box Depository Gun Cabinet Digital Electronic Home Security SafeCash Jewelry Box Depository Gun Cabinet Digital Electronic Home Security SafePaypalUS $54.951d 22h 37m
Electronic Home Security Safe Cash Jewelry Box Depository Gun Cabinet DigitalElectronic Home Security Safe Cash Jewelry Box Depository Gun Cabinet DigitalPaypalUS $54.952d 1h 24m
Depository Safe Electronic Security Drop Safe Home Commerical Security NewDepository Safe Electronic Security Drop Safe Home Commerical Security NewPaypalUS $79.9526d 7h 53m
Protex Top Rotary Hopper Depository Electronic Safe RD-2014Protex Top Rotary Hopper Depository Electronic Safe RD-2014PaypalUS $487.0028d 9h 7m
Mesa Safe Co. 0.8-Cu. Ft. Depository Safe with Electronic LockMesa Safe Co. 0.8-Cu. Ft. Depository Safe with Electronic LockPaypalUS $310.9928d 4h 53m
Protex Depository Top-Loading Electronic Burglary Safe HD-34CProtex Depository Top-Loading Electronic Burglary Safe HD-34CPaypalUS $259.0028d 4h 34m
Mesa Safe Co. Depository Safe 27Mesa Safe Co. Depository Safe 27" H with Electronic Lock MFL2731EEPaypalUS $908.0822d 11h 39m
Protex B-Rated Large Depository Safe Locking-Interior Electronic Lock FD-4020KProtex B-Rated Large Depository Safe Locking-Interior Electronic Lock FD-4020KPaypalUS $1,059.0022d 3h 28m
Hollon Safe Co Electronic Lock Rotary Hopper Depository Safe  RH-2014EHollon Safe Co Electronic Lock Rotary Hopper Depository Safe RH-2014EPaypalUS $427.0017d 12h 9m
Hollon Safe Co Electronic Lock Depository Safe  HDS-2014EHollon Safe Co Electronic Lock Depository Safe HDS-2014EPaypalUS $365.0017d 7h 20m
Mesa Safe Co. Depository Safe 20.25Mesa Safe Co. Depository Safe 20.25" H with Electronic Lock MFL2014EPaypalUS $327.9917d 6h 58m
Depository Safe 27.25Depository Safe 27.25" H with Outer Electronic Lock and Interior LockPaypalUS $893.9914d 10h 13m
"Mesa Safe Co." Depository Safe 30" H with Electronic Lock MFL3020EEPaypalUS $937.9913d 11h 33m
"Mesa Safe Co." Depository Safe 27.25" H with Electronic Lock MFL2714EPaypalUS $874.996d 11h 34m
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Depository Safe Electronic Security Drop Safe Home Commerical Security NewDepository Safe Electronic Security Drop Safe Home Commerical Security NewPaypalUS $87.951d 7h 14m
MESA Depository Electronic Safe MFL2014E-OLK NEWMESA Depository Electronic Safe MFL2014E-OLK NEWPaypalUS $447.0018d 6h 40m
MESA Depository Safe Electronic Double Door MFL2731EEMESA Depository Safe Electronic Double Door MFL2731EEPaypalUS $834.9019d 2h 19m
MESA Depository Safe Electronic Small MFL2014EMESA Depository Safe Electronic Small MFL2014EPaypalUS $327.0019d 2h 19m
New Mesa Depository Safe Electronic Steel Lock Front Hopper Home Office SecurityNew Mesa Depository Safe Electronic Steel Lock Front Hopper Home Office SecurityPaypalUS $474.8921d 3h 48m
MESA Depository Safe Electronic Outer Lock MFL2014E-OLKMESA Depository Safe Electronic Outer Lock MFL2014E-OLKPaypalUS $447.0019d 18m
Mesa MFL2731EE Depository Drop Safe w/ Electronic LockMesa MFL2731EE Depository Drop Safe w/ Electronic LockPaypalUS $917.3312d 1h 10m
Mesa MFL2714E Depository Safe with Electronic LockMesa MFL2714E Depository Safe with Electronic LockPaypalUS $455.3312d 57m
Mesa MFL2014E Depository Safe with Electronic LockMesa MFL2014E Depository Safe with Electronic LockPaypalUS $377.3312d 50m
MESA Depository Electronic Safe MFL2014E NEWMESA Depository Electronic Safe MFL2014E NEWPaypalUS $327.008d 11h 50m
Mesa Depository Safe Electronic Locking Interior MFL2714E-ILKMesa Depository Safe Electronic Locking Interior MFL2714E-ILKPaypalUS $447.003d 5h 35m
FireKing FB2114-RE Gary Series Depository Safe - Taupe, Electronic Lock, SteelFireKing FB2114-RE Gary Series Depository Safe - Taupe, Electronic Lock, SteelPaypalUS $756.002d 19h 49m
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NEW Steel Mesa DEPOSITORY SAFE Cash Drop Digital Electronic Locks Front SlotNEW Steel Mesa DEPOSITORY SAFE Cash Drop Digital Electronic Locks Front SlotPaypalUS $338.995d 7h 10m
New Steel  Mesa DEPOSITORY SAFE Cash Drop Digital Electronic Locks Front SlotNew Steel Mesa DEPOSITORY SAFE Cash Drop Digital Electronic Locks Front SlotPaypalUS $339.964d 20h 19m
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SentrySafe Depository Safe - Black


SentrySafe Depository Safe - Black


$329.62


This SentrySafe DH109E depository safe features solid steel construction for strength and a programmable electronic lock to ensure your money, receipts, deposit slips, keys and other valuables are protected.

FireKing Gary Depository Safe in Taupe


FireKing Gary Depository Safe in Taupe


$635.58


Fire King - Safes - FB2114RE - Created to handle the security needs of retailers, our single-door Depository Safe features a 3/8 - inch door, formed steel body and front-loading hopper. Compact size permits under-counter installation. Specifications: Depository safe Under counter installation Electronic combination lock Dimensions: 21 H x 14 W x 14D 1.6-cubic-foot capacity Weight 97 lbs.

Fireking FB2114RE Taupe Depository Safe with Electronic Lock, 14"x11"x21". Each


Fireking FB2114RE Taupe Depository Safe with Electronic Lock, 14"x11"x21". Each


$836.08


Manufacturer: Fireking. Each. Depository safe with an electronic lock features a front-loading hopper for quick and easy deposit into a secure, fish-resistant compartment. Digital combination provides better security because the combination must be entere

SentrySafe DH074E Solid Steel Depository Safe


SentrySafe DH074E Solid Steel Depository Safe


$786.5


The SentrySafe Depository Safe is a amp;quot;must haveamp;quot; for security conscious business managers. It's uniquely designed to protect cash' receipts' deposit slips' keys and other valuables against theft and burglaries at the point of purchase. Ideal for convenience stores' restaurants' bars' hotels/motels' small cash businesses' pawn shops' independent store fronts and notforprofit operations. The SentrySafe Depository Safe is the smart way to protect your retail business' your employees and your customers. Manufacturer's limited warranty. Solid steel construction' 12 mm door; 3 mm body. Antipry door. Antifish hopper. Programable electronic lock with time delay. Relocking device. Heavy duty vault ball bearing hinge. Hardened steel antidrill lock plate. Boltdown kit included' predrilled anchor holes. Stainless steel decorative front door plate. Satin texture lever handle. Durable powder coat finish. Color: Black. 1 year Limited Warranty. Exterior (H x W x D): 20amp;quot; x 14amp;quot; x 15.6amp;quot;. Interior (H x W x D): 10.5amp;quot; x 13.7amp;quot; x 11.3amp;quot;. Capacity: 0.94 ft. Made to Order. Opprox. lead time is 15 days.

Gardall Double Door Front Loading Electronic Lock Depository Safe in Gray


Gardall Double Door Front Loading Electronic Lock Depository Safe in Gray


$1535.99


Gardall - Safes - DS3315E - The Gardall Economical B Rated Depository Safe has been electronically welded with a 1/4 thick body for greater strength and stability. It comes standard with an electronic lock on both compartment doors which are also made of 1/2 thick steel, a solid steel locking bar to prevent door removal, six live locking door bolts (3 per door), anti-fishing sawtooth baffle, and independent re-locker to deter forcible entry. Gray finishElectronic lockRelocking deviceB Rated constructionPre-drilled anchor holes to bolt-down safe to fllorDouble doors and double compartmentsFront load safeSolid steel locking bar to prevent door removalElectronic welding for strength and durabilityPowder coated paint for durability1/2” plate steel door1/4” thick bodyExcellent for mounting in delivery vehiclesLaser cut door for exact fitSpecifications: Outside safe dimensions: 32.75 H x 15.75 W x 15.75 DInside safe dimensions: Top: 10.25 H x 12.5 W x 14.5 D; Bottom: 10.25 H x 12.5 W x 14.5 DWeight: 237 lbs

Sentry Safe Depository 1.3-cu-ft Black Safe


Sentry Safe Depository 1.3-cu-ft Black Safe


$856.26


Reduce your chance of being robbed by making frequent deposits in this drop-safe container. This Sentry black safe is constructed of steel and has programmable electronic locks.Dimensions: 14 inches wide x 24 inches high x 16 inches deepMaterials: SteelDesigned with a host of security features including hardened steel construction, programmable electronic locks, anti-fish hoppers and anti-pry doors Weight: 110 poundsType of lock: Electronic

Hollon Safe 14 x 20.25 x 14 Drop and Depository Safe


Hollon Safe 14 x 20.25 x 14 Drop and Depository Safe


$365


Hollon Safes - Safes - HDS2014E - B rated depository safe Anti fish baffle prevents theft through the deposit door Battery operated electronic lock protected by an internal spring loaded re locking device Easily change your personal code in seconds Four anchor holes provided to secure your safe to the floor 0.5 thick solid steel door 0.25 thick body 3 1.20 diameter solid steel live locking bolts If combinations are entered incorrectly the keypad has a lockout penalty, frustrating the would be burglar Heavy duty dead bar prevents door removal during a forced entry attempt Specifications: Outside dimensions: 20.25 H x 14 D x 14 W Inside dimensions: 10.5 H x 11.5 D x 13.5 W Weight: 90 lbs

Hollon Safe 20 x 30 x 20 Drop and Depository Safe with Electronic Lock


Hollon Safe 20 x 30 x 20 Drop and Depository Safe with Electronic Lock


$699


Hollon Safes - Safes - FD3020E - Includes one removable shelf B rated heavy duty depository safe 0.5 Steel Door 0.25 Steel Body 5 1.20 chrome plated steel bolts Internal re locking devise provides secondary line of defense 4 pre-drilled anchor holes Anti fish baffle prevents theft through deposit door Multi user electronic keypad Locks and relocker are protected drill and ballistic resistant hardplate Specifications: Outside dimensions: 30 H x 20 D x 20 W Inside dimensions: 18 H x 17 D x 19.75 W Door clearance 15.37 W x 17.75 H Door thickness: 3.5 solid steel plate Drop door opening: 15.75 W x 4 H Cubic feet: 3.65 Weight: 175 lbs

Hollon Safe 20 x 30 x 20 Drop and Depository Safe


Hollon Safe 20 x 30 x 20 Drop and Depository Safe


$801


Hollon Safes - Safes - FD3020EE - B rated depository safe Anti fish baffle prevents theft through the deposit door Internal spring loaded relocking device Multi user electronic keypad lock with lock out penalty after wrong code entry Four anchor holes provided to secure your safe to the floor 0.5 thick solid steel door 0.25 thick solid steel body 1.20 diameter solid steel live locking bolts Drill and ballistic resistant hardplate protects internal lock and re locker Heavy duty dead bar prevents door removal during a forced entry attempt Specifications: Outside dimensions: 20 H x 20 D x 30 W Inside dimensions top: 19.75 H x 17 D x 8.25 W Inside dimensions bottom: 19.75 H x 17 D x 8.25 W Door clearance: 15.5 W x 7.5 H Drop door opening: 15.75 W x 4 H Door thickness: 2.75 x 0.5 solid steel plate Cubic feet: 3.60 Weight: 180 lbs

Top Loading, Electronic -Rotary Hopper Depository Safe w/Alarm


Top Loading, Electronic -Rotary Hopper Depository Safe w/Alarm


$549.95


This heavy duty drop safe is an excellent choice for retail stores, restaurants, medical/dental offices, and other businesses where deposits are required. Deposits are made by dropping deposits into the rotor drum (located at the top of the safe) and then turning the rotor handle (visible in the pictures below main picture) until the deposit falls into the safe. The deposit cannot be retrieved unless the door to the safe is opened. Features: 3/8" thick solid steel-plate door Active square locking-bolts 5/8" thick Electronic keypad for easy programming 4 pre-drilled anchor holes Saw-tooth baffle to prevent fishing External power override Mechanical key override Code and key must be used to open safe, as an extra security feature Specifications: Uses 4 AA batteries (included) Code: 1 - 8 Digits 3 high-security dimple keys included 2 tubular override keys included Vibration/wrong code penalty alarm Current time and date LCD display Model: DCE-1725T Weight:132 lbs. Exterior Dimensions: Width:17" Height: 24-3/4" Depth: 14-5/8" Interior Dimensions: Width: 16-3/4" Height: 17-1/2" Depth: 10-1/2"

SentrySafe DH109E 24 in.H Front Loading Depository Safe


SentrySafe DH109E 24 in.H Front Loading Depository Safe


$855.4


The SentrySafe Depository Safe is a amp;quot;must haveamp;quot; for security conscious business managers. It's uniquely designed to protect cash' receipts' deposit slips' keys and other valuables against theft and burglaries at the point of purchase. Ideal for convenience stores' restaurants' bars' hotels/motels' small cash businesses' pawn shops' independent store fronts and notforprofit operations. The SentrySafe Depository Safe is the smart way to protect your retail business' your employees and your customers. May be bolted to floor (hardware included). Solid steel construction' 12 mm door; 3 mm body. Antipry door. Antifish hopper. Programable electronic lock with time delay. Relocking device. Heavy duty vault ball bearing hinge. Hardened steel antidrill lock plate. Boltdown kit included' predrilled anchor holes. Stainless steel decorative front door plate. Satin texture lever handle. Durable powder coat finish. Color: Black. 1 year Limited Warranty. Exterior (H x W x D): 24amp;quot; x 14amp;quot; x 15.6amp;quot;. Interior (H x W x D): 14.5amp;quot; x 13.7amp;quot; x 11.3amp;quot;. Capacity: 1.3 ft. Made to Order. Opprox. lead time is 15 days.

SentrySafe DH134E 27 in.H Front Loading Depository Safe


SentrySafe DH134E 27 in.H Front Loading Depository Safe


$930.8


The SentrySafe Depository Safe is a amp;quot;must haveamp;quot; for security conscious business managers. It's uniquely designed to protect cash' receipts' deposit slips' keys and other valuables against theft and burglaries at the point of purchase. Ideal for convenience stores' restaurants' bars' hotels/motels' small cash businesses' pawn shops' independent store fronts and notforprofit operations. The SentrySafe Depository Safe is the smart way to protect your retail business' your employees and your customers. May be bolted to floor (hardware included). Solid steel construction' 12 mm door; 3 mm body. Antipry door. Antifish hopper. Programable electronic lock with time delay. Relocking device. Heavy duty vault ball bearing hinge. Hardened steel antidrill lock plate. Boltdown kit included' predrilled anchor holes. Stainless steel decorative front door plate. Satin texture lever handle. Durable powder coat finish. Color: Black. 1 year Limited Warranty. Exterior (H x W x D): 27amp;quot; x 14amp;quot; x 15.6amp;quot;. Interior (H x W x D): 17.5amp;quot; x 13.7amp;quot; x 11.3amp;quot;. Capacity: 1.6 ft. Made to Order. Opprox. lead time is 15 days.


SentrySafe UC-025K Solid Steel Drop Slot Safe, Gray SentrySafe UC-025K Solid Steel Drop Slot Safe, Gray

List Price: $93.99

 

Description

Drop Slot Safe offers a unique design to protect cash, receipts, deposit slips, keys and other valuables against theft and burglaries. Ideal for convenience stores, restaurants, bars, hotels/motels, small cash businesses, pawn shops, independent store fronts and not-for-profit operations...

SentrySafe X105 Security Safe, 1.0 Cubic Feet, Black SentrySafe X105 Security Safe, 1.0 Cubic Feet, Black

List Price: $175.00

 

Description

This furniture arrives mostly assembled. Ships UPS, inside delivery not available. X105 Features: Electronic lock with override key 2 Live-locking bolts Carpeted floor Removable shelf Fits most laptops Access for power cord Security cable feature Bolt-down kit (hardware included) Finish: Black Dimensions: Exterior: 8...

SentrySafe UC-039K Solid Steel Drop Slot Safe, Gray SentrySafe UC-039K Solid Steel Drop Slot Safe, Gray

List Price: $114.99

 

Description

The Sentry Safe Drop Slot Safe - UC-039K is a must have for security conscious business managers. It's uniquely designed to protect cash, receipts, deposit slips, keys and other valuables. It comes with an anti-fishing slot, anti-pry door, dual key lock and bottom side piano hinge...

Depository Safe, 1.3 ft3, 14w x 15-3/5d x 24h, Black Depository Safe, 1.3 ft3, 14w x 15-3/5d x 24h, Black

 

Description

Reduce your chance of being robbed by making frequent deposits in your drop safe container. Designed with a host of security features including hardened steel construction, programmable electronic locks, anti-fish hoppers and anti-pry doors...

Compact Depository Drop Safe for Home & Office Black Compact Depository Drop Safe for Home & Office Black

 

Description

Features:

Brand New in Package & Ready to Ship
Comes with CE Certification
Creamy White Durable Premium Powder Coated
Heavy-Duty Steel Dual 3/4" Pin Bolt Throw System
Four 2-1/4" Anchor Bolts for Easy Mounting
Carpet Padding on Inside Bottom
Constructed with 2mm Thick Solid Steel
4mm Thick Front Door for More Security
The Etui is good for your collection of small valuables, such as precious watches, coins, diamond rings, bracelets, necklaces and any other jewelry...

SentrySafe DH-109E Solid Steel Depository Safe, Black SentrySafe DH-109E Solid Steel Depository Safe, Black

List Price: $444.99

 

Description

Reduce your chance of being robbed by making frequent deposits in your drop safe container. Designed with a host of security features including hardened steel construction, programmable electronic locks, anti-fish hoppers and anti-pry doors.




The Benefits of an Electronic Safe

Owning Up - Securities

Each day a great number of securities are transferred fluidly from one owner to the next so quickly and frequently that that in some cases it can be difficult to keep track of who actually owns them. Sure, ownership is typically recognized with a physical certificate or other form of registration, but what if a security has street name registration and is book-entry only? How can ownership be proven?

Securities Ownership Options

In the past, proving ownership of securities was as simple as flashing a certificate, but in 1968 book-entry securities first became available allowing for certificate-less trades. In1996, the Depository Trust and Clearing Corporation or DTC implemented the Direct Registration System, which allowed securities to be transferred electronically and certificate-less.

Now there are three securities ownership options: physical certificates, street name registration, and direct registration profile. Physical certificates are pretty much what their name would suggest, engraved papers that prove ownership of securities.

Street name registration is a bit more complex, because it involves securities being owned by an individual but registered in the street name of his or her broker or dealer. The real owner or beneficiary, the investor, will receive no paper certificates, but will be kept up to date on his or her securities through account statements issued by the broker or dealer. The account statements are not evidence of ownership. The shares in street name continue to be owned by the brokerage firm and/or DTC and are only "assigned" to the individual shareholder.

Direct registration profile (not to be confused with direct registration) is similar to street name registration, but an investor's name will be directly registered on the books of a transfer agent. He or she will also receive a statement of position and account statements.

Why use street name registration?

Typically, brokerage firms and other dealers will automatically put securities in street name unless otherwise requested by an investor. The broker or dealer will then be responsible for keeping records of who is actually assigned the securities. The brokerage firm will not list the shareholder name onto the issuer's books, but will instead list their company name since they continue to be the real owner, by law.

There are many advantages to registering securities in street name, such as the broker or dealer can easily sell the securities when they reach an agreed upon price. They will also be responsible for tracking the securities, keeping them safe, and keeping the investor informed about their status and any important developments.

There are of course drawbacks to street name registration as well. Dividend and interest payments will oftentimes be paid to the assigned shareholder at the convenience of the brokerage firm and not necessarily when earned. Also, because the actual investor's name is not the books of the issuer, he or she may not be updated about the company whose securities they have invested in. In addition, the shares can be loaned to other entities without the knowledge of the assigned holder.

So, what happens if the brokerage firm that an investor is using goes belly up? Luckily most brokers and dealers are members of the SIPC, which will protect the securities held by their investors in the Securities Investor Protection Corporation brokerage firm's name for up to $500,000 with a $100,000 cash limit.

This protection is great news...that is if an investor can prove that he or she is the one who actually owns the securities.

How is ownership established?

Ownership can of course be proven if an investor can show a valid engraved certificate or other proof of ownership, but because of swiftness and efficiency, currently more than 99% of securities are being held in book entry or certificate-less form, and they tend to exist only in computer records and in brokers and dealers books.

Since in general, street name registered securities have brokers or dealers listed as the owners in place of the real or beneficiary owners, the issuers will have no record of their ownership of the securities.

So, how can a real or beneficial owner of book entry only, street name securities prove ownership if the broker or dealer records are not available or are somehow destroyed? That is a tough question to answer, as many may think that the real owner could easily produce an account statement received from his or her brokerage firm to prove owner ship. Unfortunately, however, a statement is not seen as acceptable evidence by a Court of Law.

Proof of Ownership

Beneficial owners of securities, which are listed in a brokerage firm's name can prove ownership in a court of law with the help of their broker or dealer in the following two ways: The real owner can submit a statement in writing from the recorded owner of the shares documenting that the real or beneficial owner has held the securities for a year or more or the beneficial owner can demonstrate that he or she has filed a beneficial ownership report and submitted a written letter from a brokerage or stating that he or she has held the required number of securities for a year or more.

So, ultimately, ownership of street registered, book entry shares can be proven, albeit a somewhat frustrating process. A beneficial shareholder may long for the days of engraved certificates proving ownership when going through it.

About the Author

By Amy Vincent, sponsored by First American Stock Transfer, Inc., registered with the Securities & Exchange Commission as a Registrar and
Stock Transfer Agent
-
http://www.firstamericanstock.com
. Please link to this site when using this article.

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