Question

A married customer who has an individual account dies. The broker who handles the account learns that one of the major holdings in the account is likely to miss its earnings projections and is thus likely to fall sharply in value. The broker should:

Answer 1

If a customer happens to pass the account must be shut down. Nothing can be done until found appropriate by someone showing proper documents which would then transfer the account into the name of an executor. The documents can be a death certificate, the will, or inheritance tax waivers