Born John Stephen Sudduth in Louisiana, Mikky Ekko had a restless childhood as the son of a preacher, moving around America's deep south. Having settled briefly in Tupelo, Mississippi, and absorbed as much gospel as he could, he relocated to Nashville, Tennessee, and started playing in bands.
In the vast majority of cases, all these securities are held in the name of your brokerâs nominee company. A nominee company is a custodian charged with the safekeeping of investorsâ securities. It should be a separate entity from the broker itself. Your investments are held for you â on trust â in a nominee account. This means that while the nominee is the legal owner of the securities, you retain actual ownership as the beneficiary.
You may know the custodian at your school â the person who's in charge of taking care of the building, in keeping it clean, making sure the heat works, and the roof doesn't leak. The word custodian comes from Latin custos, meaning guardian, and anyone who looks after something can be a custodian. You might be the custodian of your club's records â you take care of the files and keep them up to date.