Series 7: 14.2.10.1. Trust Accounts

Taken from our Series 7 Online Guide

14.2.10.1. Trust Accounts

A business trust is an unincorporated commercial organization in which assets are held in trust by trustees who have been appointed to manage the assets of one or more beneficiaries (beneficial owners). Trustees are given legal title to the trust property to administer it as fiduciaries on the beneficiaries’ behalf. The trustee will have trading aut

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