Among immediate family members, whose ownership of client's stock is not considered the same as the covered member's ownership?
A) Spouse.
B) 14 year-old daughter living at home.
C) 19 year-old son away at college.
D) Grandfather.

Question

Quizplus · Accepted Answer

A grandfather is not considered an immediate family member for the purposes of ownership attribution in this context. Immediate family typically includes a spouse, dependents, and children, but not grandparents.

Among Immediate Family Members, Whose Ownership of Client's Stock Is