SIE practice questionhardAccount Types – Joint Account Checks
A check drawn on a joint brokerage account MUST be payable to:
- AThe broker-dealer only
- BAny single account holder
- CAll named account holders jointly✓ Correct answer
- DThe IRS
Explanation
Why C — All named account holders jointly
Checks must be payable to all parties on the joint account—not to one individually, nor the IRS or broker-dealer directly.
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