SIE (Securities Industry Essentials) Practice Exam

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Which of the following items is NOT needed to open a cash account for a customer?

Customer's signature
Employment status
Legal age verification
Residential address

The correct answer is: Customer's signature

To open a cash account for a customer, you would typically need their signature, employment status, legal age verification, and residential address. The only item that is not needed for this process is the customer's signature. While a customer's signature may be required for other documents or transactions, it is not specifically needed to open a cash account. Employment status, legal age verification, and residential address are essential pieces of information needed to verify the customer's identity and eligibility for a cash account.