Series 14: 8.3.2. Joint Accounts

8.3.2. Joint Accounts

A joint account is an account in which more than one party has access and can make trades. Upon opening a joint account, each party 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 in the account.

•Certificates of securities sold from the account must be signed by all parties.

•Checks must be made payable to all parties on the account.

•Checks to be deposited into the account must be endorsed by all parties.

•When the account is closed, it must