Series 10 Exam Question 22: Answer and Explanation

Question: 22

Joint accounts are allowed in all of the following, EXCEPT:

• A. A registered representative and a customer.
• B. A registered representative and a spouse.
• C. A registered representative and a friend.
• D. A registered representative and his 16-year-old child.

Correct Answer: D

Explanation:

An adult may never have a joint account with a minor.