Holding On to the Stock
You can hold a stock in one of three ways: physical certificate, street name registration, and direct registration. Here’s a brief overview of each.
You always have the right to ask your broker or the company from which you are buying a share of stock to get actual stock certificates sent to you. You may have to pay a fee for the added expense of issuing a paper certificate. Fees can be $50 to $75 and in some cases as high as $500.
If you do get a stock certificate, be sure to safeguard it until you sell or transfer your securities. It can be difficult to prove that you once owned a certificate that has been lost, stolen, or destroyed. Your broker—or the company or its transfer agent—will generally ...