SIE practice questionmediumAccount Types – Death of Account Holder
A power of attorney for a brokerage account automatically terminates under which circumstance?
- AIf the agent moves states
- BUpon the account owner's death✓ Correct answer
- CIf the agent opens another account
- DUpon a market correction
Explanation
Why B — Upon the account owner's death
Power of attorney ends upon the account holder’s death. Moving states or opening accounts elsewhere have no effect.
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