SIE: 8.2.3. Joint Accounts

8.2.3.  Joint Accounts

A joint account is an account that more than one party can access and trade in. Upon opening a joint account, both parties must sign the new account form, which also operates as a joint party agreement. The joint party agreement specifies the details and rules of the account. Important rules include:

• • All parties are allowed access to the account and may make trades independently in the account.
• • Securities in physical certificate form sold from the account must be signed by both parties.
• • All checks and proceeds must be made payable to both parties on the account.
• • The account can only be closed by both p