SAFEKEEPING
safekeeping. 1. The act of protecting something in one’s custody. 2. Under the Securities
Investors Protection Act, the holding of a security on behalf of the investor or broker that has paid
for it. 15 USCA § 78lll(2). [Cases: Securities Regulation 185.13–185.16. C.J.S. Securities
Regulation §§ 309–310, 312, 315–316, 318–319, 322.] [Blacks Law 8th]