Series 7: 14.2.6 Partnership Accounts

Taken from our Series 7 Top-off Online Guide

14.2.6  Partnership Accounts

When a partnership opens an account, it must fill out the new account form and provide the broker-dealer with a partnership agreement. The new account form contains personal information about each partner. A partnership agreement states who will have trading authority in the account, and it must be signed by all the partners.

Since you're reading about Series 7: 14.2.6 Partnership Accounts, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 7
Please Enable Javascript
to view this content!