SIE practice questionhardAccount Types – Margin for Retirement Accounts
Which account type cannot be opened as a margin account?
- AJoint account
- BCorporate account
- CRoth IRA✓ Correct answer
- DTrust account
Explanation
Why C — Roth IRA
Retirement accounts such as Roth IRAs cannot be margin accounts per IRS rules. Corporate, joint, and trust accounts may use margin if documentation allows.
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