SIE Lesson 12 | Customer Accounts Explained (Joint, Margin, Discretionary & Trust). скачать в хорошем качестве

SIE Lesson 12 | Customer Accounts Explained (Joint, Margin, Discretionary & Trust).

Welcome to Lesson 12 of the Securities Industry Essentials (SIE) Masterclass. In this lesson, we break down customer accounts, registration types and trading authority — a core compliance section of the FINRA SIE exam. You will learn: • Customer Identification Program (CIP) • Anti-Money Laundering (AML) basics • Individual vs joint accounts • Joint tenants with rights of survivorship • Tenants in common • Corporate and partnership accounts • Trust accounts and fiduciary duty • Custodial accounts (UTMA / UGMA) • Retirement accounts overview • Cash vs margin accounts • Discretionary account rules • Power of attorney • Supervision requirements The SIE frequently tests: • Survivorship rights in joint accounts • Who has trading authority • Documentation required for discretion • Fiduciary responsibilities • Suitability considerations • AML oversight This lesson reinforces the regulator mindset — focusing on documentation, supervision and investor protection. Understanding account registration is essential before you can properly evaluate trading and suitability questions. Follow the full SIE Masterclass playlist for structured, exam-first preparation.