Series 24: 3.2.2. Joint Accounts

3.2.2.  Joint Accounts

A joint account is an account in which more than one party can access and trade in the account. Upon opening a joint account, each party must sign the new account form, which also operates as a joint party agreement. The joint party agreement specifies the details and rules of the account. Important rules include:

• All parties are allowed access to the account and may make trades in the account.

• Securities sold from the account must be signed by all parties.

• All checks must be made payable to all parties on the account.

• All checks that wil