Practice Quiz

FINRA Series 7

Category - Series 7

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Bubba has several accounts at a brokerage firm. Which of the following is not covered by SIPC?
  1. individual account in Bubba’s name only
  2. commodities account in Bubba’s name only
  3. joint account of Bubba and his wife
  4. joint account of Bubba and his son, Bubba, Jr.
Explanation
Answer: B - commodities account in Bubba’s name only. SIPC does not cover commodities accounts.
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