SERIES 6 CANDIDATES, STUDY AND KNOW THE VARIOUS TYPES OF ACCOUNT REGISTRATION AND BE ABLE TO DISTINGUISH THEIR SIMILARITIES AND DIFFERENCES

Are you planning to take the Series 6 Exam to qualify as representatives registered to sell mutual funds and variable annuities? Then be forewarned that FINRA's Content Outline for the Series 6 Exam includes account registration types in Section 2.1. These account registration types include tenancy in common (TIC), tenancy by the entirety, joint tenancy with rights of survivorship (JTWROS), and others.

Bob Eder has a full treatment of the types of account registration in his Study for the Series 6 Exam. Here is a sample of Bob Eder's discussion:

Tenancy by the Entirety (2.1)

This form of ownership is available only between married couples. About 20 states still permit tenancy by the entirety. It grants the wife equal right to the use of the property ab initio, i.e., from the very beginning of the partnership, for example, the family home. Tenancy by the entirety considers husband and wife to be one legal unit. It does not permit creditors to attach the interests of one of the spouses without the consent and permission of the other spouse.

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 Study for the Series 6 Exam on Amazon.

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For questions about Bob Eder's Study for the Series 6 Exam, or questions in general about the Series 6 Exam, or about Account Registration Types, simply 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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