Series 82: Exercise

Exercise

Answer true or false.

1._____ Records relating to the verification of identification must be kept at least three years.

2._____ Full trading authority allows a third party to trade in an account without prior permission from the account owner.

3._____ A customer’s age is required information to complete a suitability questionnaire.

4._____ After a married couple signs a joint party agreement upon opening a joint account, both parties are able to make transactions in the account without permission from the other.

Answers

1. False. Records relating to the verification of identification must be kept at least five years.

2. True. F