Account Types, Retirement Plans, and Customer Screening
Free FINRA Series 7 (General Securities Representative) lesson in Opening Accounts. 22 min read, ~3,322 words.
Pattern day trader = 4+ day trades in 5 business days, with a $25,000 minimum equity requirement. JTWROS passes the entire account to the survivor automatically; TIC passes each owner's share through their estate. DVP/RVP = simultaneous delivery and payment, institutional accounts only. 457(b) distributions have NO 10% early withdrawal...
Read the full lesson, free →
Worked examples and practice. Free with a free account, no card.
What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- B6
- B7
- B8
- B9
- B10
Browse all free Series 7 lessons or jump into free Series 7 practice questions.