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FINRA Series 6

Category - Series 6

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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

I and II only
I, II, and III only
I, II, and IV only
IV only

Explanation

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.

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FINRA Series 6

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