Series 7 - General Securities Representative Exam
Preview Mode
What is a potential advantage of having a TOD account?
It requires a smaller margin requirement than a Portfolio Margin account
A
It can help avoid having assets in probate
B
The intraday margins can decrease below the maintenance margin
C
It is a way to write naked calls and puts in an IRA account
D
Explanations
A TOD - transfer on death account, may help to avoid the probate process for the assets contained in the account