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Which of the Following Is Not True About Brokerage Accounts

Question 248

Multiple Choice

Which of the following is not true about brokerage accounts?


A) in a community property state a married woman must open a brokerage account with her husband
B) stock purchased in a custodian account may not be purchased on margin or held in bearer form
C) numbered accounts are permissible provided there is a record kept on file at the brokerage firm attesting to the actual ownership
D) if a fiduciary intends to buy stocks in a margin account the trust agreement authorizing the margin transactions must be kept on file at the brokerage firm

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