Series 7 - General Securities Representative Exam

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Jason Bond would like to open an individual margin account with you and give trading authorization to his cousin, Maximus. Which of the following documents is required to open this new account?

New Account Form and Limited POA Form
A
New Account Form, Master Limited Partnership Agreement and IRA Beneficiary Form
B
New Account Form, Limited POA Form and IRA Beneficiary Form
C
New Account Form, Master Limited Partnership Agreement, Limited POA Form and IRA Beneficiary Form
D

Explanations

Of course, the new account form is required. A limited power of attorney form is also required. Since it is an individual account, there are no IRA forms. An MLP is a publicly traded limited partnership

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