Trading, Accounts & Prohibited ActsQuestion 247 of 398
For a typical new cash account for an individual, whose signature is generally NOT required on the new account form itself?
a.The registered representative who introduced the account
b.A principal of the firm approving the account
c.The customer opening the account
d.The supervising branch manager where required
Explanation
A customer signature is generally not required to open a standard cash account, though it is required for margin accounts and options accounts. The account form must, however, be approved (signed) by a principal, and it records the representative who opened it.
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