Customer AccountsCâu 70 / 110
Two business partners open an account as tenants in common with a 70/30 ownership split. If one partner dies, that partner's share:
a.Passes to the surviving partner
b.Is divided equally between the surviving partner and the deceased's heirs
c.Passes to the deceased partner's estate according to that partner's will or state law
d.Reverts to the broker-dealer until a court orders distribution
Giải thích
Tenants in common allows unequal ownership percentages and each owner's share passes to the owner's estate rather than to the co-tenant. Survivorship is the JTWROS feature and does not apply here. A broker-dealer never takes ownership of customer assets; it freezes the account pending proper documentation.
Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- In an account registered as joint tenants with rights of survivorship, when one owner dies:
- Which statement about an UTMA custodial account is correct?
- An UGMA account for an 11-year-old is registered under which taxpayer identification number, and how is income reported?
- When the beneficiary of a custodial account reaches the age of majority set by state law:
- To open a brokerage account in the name of a trust, the firm must obtain:
- Which document must a broker-dealer obtain before opening a corporate cash account?
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với FINRA Series 6 — Investment Company & Variable Contracts Rep · Quy trình kiểm tra