What is the required customer authorization to move funds or securities between firms via ACATS?
QUESTION
What is the Series 7 term for the legal owner of an account who must sign the new account form?
QUESTION
Which disclosure must be provided when a customer opens a margin account?
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ANSWER
The margin disclosure statement. This statement explains margin risks, such as potential losses exceeding initial investment, as required by FINRA to promote informed borrowing decisions.