SIE practice questionhardAccount Types – Multiple Account Ownership
A client has individual, joint, IRA, and margin accounts at the same broker-dealer. Which regulatory requirement generally applies to ALL these accounts?
- ARegulation D compliance
- BOptions Disclosure Document
- CCustomer Identification Program (CIP)✓ Correct answer
- DFINRA margin requirements
Explanation
Why C — Customer Identification Program (CIP)
The CIP requires customer identity verification for all brokerage accounts. Options Disclosure is only for options accounts; Reg D is for private offerings; margin requirements only apply to margin accounts.
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