SIE practice questioneasyJoint Accounts
Which joint account type allows either party to trade securities and withdraw funds?
- ASole proprietorship account
- BTenants in common (TIC)
- CUGMA account
- DJoint tenants with rights of survivorship (JTWROS)✓ Correct answer
Explanation
Why D — Joint tenants with rights of survivorship (JTWROS)
JTWROS accounts allow either owner to trade and withdraw. In TIC accounts, owners can trade, but account interests pass to heirs, not other tenants. UGMA and sole proprietorship accounts are single-party accounts.
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