Series 14: 8.5.1.2. Joint Accounts

8.5.1.2. Joint Accounts

A joint account is an account in which more than one party has access and can make trades. 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.

• Certificates of securities sold from the account must be signed by all parties.

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

• Checks to be deposited into the account must be endorsed by all parties.

• When the account is closed, it m