Baillieu Valuation of VEC, page-44

So it’s HSBC Custody Nominees buying? ... It would appear mutely does not inderstand the purpose of a “Nominee” account.!


Nominee accounts........hopefully the following is easy to understand?

Re: HBSC Custody Nominees....


“A nominee is a person or firm into whose name securities or other properties are transferred to facilitate transactions, while leaving the customer as the actual owner. A nominee account is a type of account in which a stockbroker holds shares belonging to clients, making buying and selling those shares easier.”


http://www.investopedia.com/terms/n/nominee.asp


“5. Nominee accounts provide more privacy

If you’re extremely wealthy and do not want to let your prying wife or husband know you have substantial wealth parked in stocks for whatever reason, then investing through a broker’s nominee account will shield your identity. Your name will not appear on the shareholder list since your shares are held in a nominee account.”


http://fifthperson.com/nominee-vs-personal-depository-account-which-is-better/