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Street Names

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Street Names

Myron was going for it.

Now that he had Bubbie's discretionary trading account open, he instructed her to write a check made out to him to fund the new account.

"It's the easiest way to get everything set up," he assured her. She gave him a funny look, but Myron was as charming as ever. "And of course, we'll keep diligent records."

Myron explained he would hold her securities in the utmost safekeeping, and that, since they kept the practice of assigning all client securities in street name,...

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