Series 82: 2.1.2.3. Joint Accounts

2.1.2.3. 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 ac