Across
- 6. U.S. Treasury securities or mutual funds focusing on U.S. Treasury securities would be ideal investments for a capital __________ investment objective
- 10. This market describes exchange-listed securities being traded in the OTC market
- 11. _____ stock is the maximum number of shares a corporation may issue under the terms of its charter
- 13. The Code of _______ provides a method for handling securities-related disputes or clearing issues between members, public customer or clearing corporations
- 16. A ______ fund is a mutual fund of common stock from a particular industry
- 18. Tactical asset allocation requires an ______ management of the portfolio
- 21. A ____________ plan is a type of defined contribution plan where the employer does not have to make contributions if the company does not do well
- 24. A schoolteacher would most likely participate in a ___________
- 29. This market is an interdealer market in which unlisted securities trade
- 33. If a beneficiary of an IRA is under 59 1/2, they will not receive the 10% early withdrawal penalty but will be ________
- 34. An income bond is also known as a(n) ________ bond
- 35. A direct ________ is a way to move an IRA from one custodian to another without any tax consequences
- 36. 457 plans are for state and local __________ employees
- 39. Over funding an IRA results in a ____ percent penalty
- 40. Contributions to a Traditional IRA are tax ____________
- 41. _______ include house, automobiles, retirement plans and savings accounts
- 42. A 30 year old saving for retirement would most like pursue a capital ____________ investment objective
- 46. Another word for control person or affiliate
- 47. The duration of an interest-paying bond is always ________ than the time to its maturity
- 48. _________ purchase plans require employers to make contributions to each employee’s account based on his or her salary
- 49. Censure, fines, suspension and expulsion are some of the _______ found under the Code of Procedure
- 51. An individual who is under 59 ½ can remove their cost basis after 5 years but without ________
- 53. ____ action claims are not subject to arbitration
- 54. A 45 year old investor looking for income at a certain time will most likely invest in ________ funds, which will reallocate funds to fixed income securities as the investor approaches a certain date
- 56. In a defined ______ plan, the employer bears the risk
- 57. This risk is when changes in laws or rules have negative impacts on investments
- 59. If an IRA was overfunded, the excess and _______ must be removed to not receive the penalty
- 60. This type of investment strategy can provide investors with consistent long-term distributions.
- 61. The duration of a zero-coupon bond is always _____ to the time to its maturity
- 62. If the dispute involves irreparable injury to one of the parties, that party may seek an interim or permanent _________
- 63. These industries tend to turn down as the economy heats up
- 68. A theory behind Subchapter M under which distributions to shareholders are not taxed to the investment company
- 69. This reflects a corporation’s reputation and relationship with its clients
- 70. The date the BOD announces a dividend
- 73. Yield stated on the bond’s coupon
- 76. With a _________, the owner of an IRA will receive the funds and be given a certain amount of time to fund a new plan
- 78. ________ strategic allocation refers to short-term portfolio adjustments
- 80. Individuals can continue to make contributions to a Roth IRA as long as they have _______ income with which to do so.
- 81. Any party to an unresolved dispute may ______ proceedings by filing a claim with the director of arbitration
- 84. _________ stock are shares held by the public
- 86. The NAC has the right to _______ the registration of any associated person
- 88. One feature of many retirement plans is ___________, meaning the individual will not be taxed until funds are withdrawn
- 89. An investors _______ statement would include salary, mortgage payment, investment income and living expenses
- 90. The NAC has the right to _____ a member
- 91. Contributions made into a 403(b) plan are made with ________ money
- 92. The IRS penalty imposed on contributions to an IRA is for the amount _______ the maximum limit
- 94. A money market fund would be more suitable than T-bonds for an investor that has ________ concerns
- 95. In a Roth IRA, money withdrawn is tax-free provided that the owner is at least 59 ½ and has held the account for at least ____ years
- 96. One who deals in securities as a principal, buying and selling for his own account at its own risk
Down
- 1. This market involves electronic communication networks
- 2. A(n) _______allows a small business owner to make pre-tax contributions into any eligible employees account. Employees do not make contributions.
- 3. A(n) __________ stock is the stock of normally strong, well-established companies that have demonstrated their ability to pay dividends in good and bad times
- 4. This is the difference between what an investor own and what they owe
- 5. When a bond has a long duration, the greater the ______________ risk
- 7. An investment objective for investors that are willing and able to take considerable risks for the chance of big returns
- 8. Investing in a specific security at an inopportune time is called _______ risk
- 9. This fund has a mix of equities and bonds, growth with opportunity for income
- 12. Automatic ________ is an option available to mutual fund shareholders whereby fund dividends and capital gains are put back into the fund
- 14. In this type of IRA, individuals are required to take a withdrawal starting at age 72
- 15. The maximum _______ to a Traditional IRA or Roth IRA for someone under 50 years old is $6000
- 17. The longer the time horizon, the more ______ the investor can tolerate
- 19. A(n) ________ fund is a mutual fund that invests in common stocks from outside the U.S. Exposure to exchange rate risk and political risk
- 20. Strategic asset allocation is considered a ___________ management style
- 22. A drawback of a capital preservation strategy is the effect of ________ on the rate of return from “safe” investments over prolonged periods of time
- 23. ______ funds are securities from inside and outside the U.S.
- 25. A contract between an insurance company and an individual that generally guarantees lifetime income to the person whose life the contract is based
- 26. The longer a bonds duration, the ______ sensitivity to interest rate changes
- 27. Date where the BOD checks if a shareholder is listed with the company, so they can get paid their dividends
- 28. An investor with a(n) __________ time horizon can take on moderate risk
- 30. The risk when the possibility that principal or interest will not be paid
- 31. _____________ industries include food, pharmaceuticals and tobacco and are the least affected by normal business cycles
- 32. This type of plan is good for someone who is self-employed or works for a sole proprietorship
- 37. In order to be considered complete, a rollover must be done within _______ days
- 38. __________ coins are allowed to be used to fund an IRA
- 41. If a party does not like the decision of the NAC, they may ___ to the SEC
- 43. Risk ____ is another way to say conservative
- 44. Since all money coming out of a Traditional IRA is subject to taxation, __________ bonds would make poor investments due to their tax advantages.
- 45. An investment ____________ can be defined as any goal that an investor has including current income or capital preservation
- 50. ________ is often used to assess the sensitivity of a bond in response to interest changes
- 52. This is an alternate dispute resolution process which is considered a reasonable and inexpensive first step
- 53. Type of Educational IRA
- 55. if you see the term auction market, think _________
- 58. A(n) _________ sale is the sale of investment company shares in amounts just below the point at which the sales charge is reduced
- 62. The fourth market involves _______ investors with no assistance by broker-dealers
- 64. If an individual waits to take their first RMD withdrawal until April 1st of the following year, they will now need to take _____ distributions
- 65. _______ investors are individuals who have a primary goal of preserving capital with a secondary goal to earn income
- 66. _______ include mortgage payments, auto loans and credit card balances
- 67. _________ income is the amount of income a household or individual has to invest, save, or spend after taxes and necessities are paid. Discretionary income is what people use to pay for entertainment, luxury items
- 71. An investors risk _______ is determined not only by their age and financial resources available but also by the individual’s psychological ability to tolerate wide fluctuations in market value and an occasional loss of principal
- 72. This type of IRA is funded with after-tax dollars and contributions are not tax deductive
- 74. A Banker’s ______ is essentially a letter of credit from a bank guaranteeing payment of a debt
- 75. For a Traditional IRA and Roth IRA, if someone is 50 years of age or older, they can make a _________ contribution of $1000
- 77. ____________ income is the amount of net income a household or individual has available to invest, save, or spend after income taxes.
- 79. An __________ unit is an accounting measure to determine an annuitant’s proportionate interest in the insurer’s separate account during an annuity’s deposit phase
- 82. _________ investors tend to be younger, market-savvy and willing to take on extensive market swings
- 83. IRS Rule 72t stands for _________ equal periodic payments
- 85. a _______ investor values reducing risk and enhancing returns equally
- 87. An investor with a three year time horizon should stick with __________ with short-term maturities
- 93. Property, plants and equipment are considered ________ assets