SIE (Securities Industry Essentials) Practice Exam 2026 - Free SIE Practice Questions and Study Guide

When opening a cash account, you must establish who the customer is, that they can enter a contract, and where to reach them. A signature on the account documents is needed to authorize the agreement, verifying consent. Verifying legal age ensures the customer is legally capable of opening and maintaining an account. A residential address is used to confirm identity and for official correspondence. Employment status, while it may be collected for suitability discussions or future product considerations, is not a mandatory requirement to open a basic cash account.