Ask Question
19 April, 17:07

How to take control of the securities contained in minor account?

+4
Answers (1)
  1. 19 April, 18:25
    0
    The minor account is linked with the custodian account that is under the minor parent's or guardian's primary account. Security registered in the minor's account with the name of SSN of the minor in the format of either with sole owner, or primary owner with beneficiary or primary with secondary owner etc. So minor directly can't permit purchase securities. The custodian must conduct all the transactions behalf of minor and the custodian can purchase securities behalf of the minor.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How to take control of the securities contained in minor account? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers