diff --git a/contracts/SecurityTokenRegistry.sol b/contracts/SecurityTokenRegistry.sol
index 7d24793f3..d13fbb2b6 100644
--- a/contracts/SecurityTokenRegistry.sol
+++ b/contracts/SecurityTokenRegistry.sol
@@ -427,10 +427,18 @@ contract SecurityTokenRegistry is ISecurityTokenRegistry, EternalStorage {
         uint counter = 0;
         // accessing the data structure userTotickers[_owner].length
         bytes32[] memory tickers = getArrayBytes32(Encoder.getKey("userToTickers", _owner));
-        bytes32[] memory tempList = new bytes32[](tickers.length);
         for (uint i = 0; i < tickers.length; i++) {
             string memory ticker = Util.bytes32ToString(tickers[i]);
             /*solium-disable-next-line security/no-block-members*/
+            if (getUint(Encoder.getKey("registeredTickers_expiryDate", ticker)) >= now || _tickerStatus(ticker)) {
+                counter ++;
+            }
+        }
+        bytes32[] memory tempList = new bytes32[](counter);
+        counter = 0;
+        for (i = 0; i < tickers.length; i++) {
+            ticker = Util.bytes32ToString(tickers[i]);
+            /*solium-disable-next-line security/no-block-members*/
             if (getUint(Encoder.getKey("registeredTickers_expiryDate", ticker)) >= now || _tickerStatus(ticker)) {
                 tempList[counter] = tickers[i];
                 counter ++;
diff --git a/test/n_security_token_registry.js b/test/n_security_token_registry.js
index ef6b80c51..de8b7d733 100644
--- a/test/n_security_token_registry.js
+++ b/test/n_security_token_registry.js
@@ -993,6 +993,7 @@ contract("SecurityTokenRegistry", accounts => {
 
         it("Should get the tickers by owner", async () => {
             let tickersList = await I_STRProxied.getTickersByOwner.call(token_owner);
+            console.log(tickersList);
             assert.equal(tickersList.length, 4);
             let tickersListArray = await I_STRProxied.getTickersByOwner.call(account_temp);
             console.log(tickersListArray);