Match each customer account ownership structure on the left with its defining legal or operational documentation requirement on the right.
- Corporate Brokerage AccountRequires a resolution passed by the board of directors and a corporate charter to verify trading authority.
- Partnership AccountRequires a written agreement specifying which partners are authorized to execute transactions on behalf of the firm.
- Discretionary AccountRequires prior written power of attorney from the customer and prompt written trading approval from a designated principal.
- Custodial (UTMA) AccountOpened under a single minor beneficiary's Social Security number with an adult serving as fiduciary custodian.
Cevap
Corporate Brokerage Account matches the board resolution and charter requirement; Partnership Account matches the partnership agreement defining authorized partners; Discretionary Account matches the prior written trading power of attorney and principal approval rule; Custodial (UTMA) Account matches the structure opened under a single minor's Social Security number managed by an adult custodian.
Each ownership structure requires distinct legal authorization documentation: Corporate accounts mandate a corporate resolution and charter; Partnership accounts mandate a partnership agreement designating authorized traders; Discretionary accounts mandate prior written client authorization and principal endorsement; UTMA custodial accounts are irrevocably titled under the minor beneficiary's Social Security number managed by a custodian.
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Anahtar Kavram
Operational and documentation requirements across account ownership structures (Corporate, Partnership, Discretionary, Custodial).
Tahmini Süre:1m 30s