Wiley FINRA Series 6 Exam Review 2017: The Investment Company and Variable Contracts Products Representative Examination by Wiley

Author:Wiley
Language: eng
Format: mobi
ISBN: 9781119400011
Publisher: Wiley
Published: 2017-03-07T08:00:00+00:00

I and II

I, II, and III

I only

I, II, III, and IV

In which type of account does the nominal owner of the account enter all orders for the beneficial owner of the account? Custodial account

Fiduciary account

Authorized account

Discretionary account

Which of the following is NOT allowed as a joint account? A registered representative and a customer

A registered representative and a spouse

A registered representative and a friend

A registered representative and his 16-year-old child

A customer and his spouse have an account registered as joint tenants in common. If the customer dies, what would happen to the account? The decedent's assets will be distributed according to his will.

The executor of the estate will determine how all of the assets are to be distributed.

All of the assets in the account will be distributed according to the trustee.

The spouse would get the assets in the account.

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