Series 82: Joint Accounts

Joint Accounts

A joint account is an account in which more than one party can access and trade in the account. 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 must be