1. Which of the following is the nominal owner of a Uniform Gifts to Minors Account (UGMA)?
2. A customer and his spouse have an account registered as joint tenants in common. If the customer dies, what would happen to the account?
3. All of the following are required in the account title for a custodial account, EXCEPT:
4. An investor has given his representative the authority to purchase and sell securities in his account without first consulting him. Which of the following is NOT true?
5. A UTMA account allows the assets in the account to:
6. Joint accounts are allowed in all of the following, EXCEPT:
7. All of the following are true relating to the ACAT process, EXCEPT:
8. As it relates to the management of a discretionary account, which of the following is NOT true?
9. An agent has just been informed of the death of a client. All of the following must be done by the agent, EXCEPT:
10. A broker dealer carrying customer accounts and providing credit to customers for margin purposes may jointly pledge customers' securities as joint collateral:
