8.5.1.2. Joint Accounts
A joint account is an account in which more than one party has access and can make trades. Upon opening a joint account, each party must sign the new account form, which also operates as a joint party agreement. The joint party agreement specifies the details and rules of the account. Important rules include:
• All parties are allowed access to the account and may make trades in the account.
• Certificates of securities sold from the account must be signed by all parties.
• Checks must be made payable to all parties on the account.
• Checks to be deposited into the account must be endorsed by all parties.
• When the account is closed, it m
