Series 22 Exam Lesson 19 Types of Accounts: 2021
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Series 22 Exam Lesson 19 Types of Accounts: 2021
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Types of Accounts An individual account account is one that is owned by a single person. Only he or she can determine which securities are bought or sold and they get all the proceeds from the account. A joint account is owned by two or more people. Any of the parties can buy or sell securities and can receive proceeds. The registered representative does not need to confirm transactions with…
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