Series 6 Unit 2 #1

1. This is when an accounts assets are sent directly from one custodian to another.
6. this type of plan allows pretax contributions to be made
10. this type of account has one beneficial owner who is the only person who may control the investments in the account and request distributions
11. this act prohibits insider trading on or communicating nonpublic information
12. defined _______plans provide for a specific contribution amount and may permit employee contributions
16. in a partnership account, there must be this on file that states which of the partners can make transactions for the account
17. these types of accounts are good for clients who do not do a lot of trading.
20. principal approval is required for a registered representative to have this type of authority
21. this is a type of account where an institution will set up a single account with brokerage and then the brokerage will deal with other broker-dealers to execute the transactions
22. the most basic type of investment account.
23. In this transaction, an account owner takes ownership of account funds then deposits into another custodian account. This can only happen once in any 365-day period
24. in a Joint Tenants With Right of Survivorship account all parties have _______ interests
25. in this type of account a deceased tenant's interest is retained by their estate and not passed to the surviving tenant(s)

2. this type of IRA has contributions made that are not tax deductible
3. these types of plans are funded with after-tax money
4. This type of power of attorney allows someone who is not the owner of an account to deposit or withdraw cash or securities and make investment decisions for the account owner
5. the customer may use some cash and some credit to purchase securities in this type of account
7. In this type of plan, the plan sponsor assumes the investment risk and favor older employees
8. this is the simplest form of business organization and is treated like an individual account.
9. allows for registered owner of the account to pass all or a portion of account proceeds to a named beneficiary
13. This type of IRA has mandatory distributions starting at the age of 70 1/2
14. In this type of account a deceased tenant's interest passes to the surviving tenants
15. When an employer contribution to a plan becomes the employee's money
18. this type of account is good for clients who are more active traders
19. The primary purpose of creating this was to protect employees from the mishandling of retirement funds by corporations and unions