SIE practice questionhardAccount Types – Margin Restrictions
Which account type is generally NOT permitted to use margin?
- ATrust account
- BJoint account
- CCorporate account
- DCustodial account✓ Correct answer
Explanation
Why D — Custodial account
Custodial accounts (for minors) cannot use margin; joint, corporate, or trust accounts may use margin if authorized by the proper documents.
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