How are the U.S. shares in my account registered?

For Brokerage Accounts

Interactive Brokers (IBKR) reports all reportable amounts on a Consolidated Form 1099 which includes specific forms 1099 for each type of income. When issued by end of day February 17 you may find your forms in Client Portal…

The bank accounts at each bank use an Omnibus account structure and are opened under Interactive Brokers’ name. The account title makes it clear that the funds in the account are held for the benefit of IBKR’s customers. The bank does not know the names of individual customers. IBKR and the program administrator have records showing how much each client has at each bank and, in the event of a bank default, would provide the records to FDIC. …

A consolidated 1099 is a grouping together into one statement of all the 1099 tax information for your account provided by Interactive Brokers to be used in preparation of your annual tax return. This information is also provided to the IRS. Click on a form below for further details:…

You should use the Interactive Brokers change of registered contact form (via Client Portal) to change the registered contact for an IBUKL Junior Stocks and Shares ISA. The existing registered contact must sign this application to authorise this change unless where certain exemptions apply…