Finra Exam Series-6 Topic 7 Question 65 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 65
Topic #: 7

[All Series-6 Questions]

Which of the following persons is not permitted to open an investment account?

i. a general partnership

ii. a corporation

iii. the executor of an estate

IV. a 16-year-old entrepreneur

AI and II only

BI, II, and III only

CI, II, and IV only

DIV only

Show Suggested Answer

Suggested Answer: D

Only the 16-year-old entrepreneur is not permitted to open an investment account. As a minor, he is not a legal person. All the other selections are legal persons and can establish investment accounts.

by Annelle at Oct 05, 2023, 06:08 PM

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