SIE: 8.2.3. Joint Accounts

Taken from our SIE Online Guide

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

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