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Handling Customer Accounts, Taxation, Margin (~ 35 questions)
Handling Customer Accounts, Taxation, Margin (~ 35 questions) Handling Customer Accounts, Taxation, Margin (~ 35 questions)
- Requirements for opening customer accounts, including approvals
- Rules governing the conduct of accounts
- Record keeping
- U.S. federal taxation
- Tax treatment of foreign securities purchased by U.S. Citizens
- Tax treatment of wash sales
- Key terms-e.g., margin, hypothecation, rehypothecation
- Requirements and characteristics-approvals, ineligible accounts, eligible/ineligible securities, Regulation T, SRO requirements
- Calculations in equity margin accounts (long and/or short positions)