SIE Exam Question 93: Answer and Explanation

Question: 93

Which of the following financial information is not required on a new account application?

• A. Net worth
• B. Annual income
• C. Liabilities
• D. Liquid net worth

Correct Answer: C

Explanation:

Liabilities are not required financial information on a new account application. Net worth, annual income, and investment goals are required pieces of financial information to open a brokerage account with any firm.