SERIES 6 CANDIDATES SHOULD STUDY AND KNOW DIFFERENT ACCOUNT REGISTRATION TYPES

The Series 6 exam asks questions about  account registration types, such as tenants-in-common, joint tenants with rights of survivorship, community property, sole proprietorships, partnerships, corporations, and unincorporated associations.

How do I know that the Series 6 asks questions on various account registrations? Section 2.1 of FINRA's Content Outline lists the various types of account registrations as Series 6 required knowledge.

Therefore make sure that you can describe and define each of the various account registrations.

For example, what is the difference between tenants in common and joint tenants with rights of survivorship (JTWROS)? Joint tenancy is common among married couples. It means that if one of the partners or "tenants" die, his or her portion will automatically pass to the surviving partner.

However, tenancy in common does not automatically pass a deceased tenant's share to the surviving tenant. The deceased partner's share simply goes into his or her estate.

Bob Eder's Study for the Series 6 Exam has full treatment of the various forms of account registration on pages 49 to 56.

Here is the link to FINRA's Content Outline for the Series 6 exam. See the references to the various forms of account registration in FINRA's Content Outline, section 2.1.

Study for the Series 6 Exam is available from Amazon in both paperback and Kindle e-book versions. Here is the link to Bob Eder's Series 6 Exam study manual on Amazon.

See Bob Eder's Author Page on Amazon.com.

For questions about Bob Eder's Series 6 manual, Study for the Series 6 Exam, or questions in general about the Series 6 exam, such as various forms of account registration, feel free to email Bob Eder at bobeder@bobeder.net.

Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. 

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