SIE Exam Question 479: Answer and Explanation

Question: 479

Which of the following is NOT allowed as a joint account?

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

Correct Answer: C

Explanation:

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