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SIE: Account Types
SIE practice questionhardAccount Types – Margin Restrictions

Which account type is generally NOT permitted to use margin?

  1. ATrust account
  2. BJoint account
  3. CCorporate account
  4. DCustodial account✓ Correct answer
Explanation

Why DCustodial 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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