Series 82: Exercise

Exercise

Answer true or false.

1. ____ Records relating to the verification of identification must be kept at least three years.

2. ____ Full trading authority allows a third party to trade in an account without prior permission from the account owner.

3. ____ A customer’s age is required information to complete a suitability questionnaire.

4. ____ After a married couple signs a joint party agreement upon opening a joint account, both parties are able to make transactions in the account without permission from the other.

Answers

1. False. Records relating to the verification of identif