Series 6 Unit 2 #2

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Across
  1. 3. this type of defined corporate plan favors younger employees
  2. 4. You cannot fund an IRA with these
  3. 9. Classification that in some jurisdictions, most property acquired during a marriage is considered to be owned jointly by both spouses and would be divided at the time of divorce, annulment or death
  4. 11. ___________ compensation plans usually benefit highly compensated employees who are close to retirement
  5. 12. True or false, a customer's signature is required on the new account form
  6. 14. Regulation S-P states that each financial institution has the responsibility to protect the privacy of it customers' _____
  7. 15. under the provisions of the USA PATRIOT Act, broker-dealers are required to institute a ______ which is designed to verify any new customer
  8. 16. this retirement plan is designed for employers of small-businesses and any employee who is at least 21 years of age and has worked for the employer for three of the past five years can participate
  9. 18. in a cash account, the customer must pay in _____
  10. 19. this type of account has a registered advisor who charges a fee for advice and has a fiduciary obligation to act in the best interest of their client
  11. 20. the person who receives a tip
Down
  1. 1. this is based on a fundamental requirement to deal fairly with customers
  2. 2. the person who gives a tip
  3. 4. this type of suitability requires that a broker has a reasonable basis to believe that a particular recommendation is suitable for a given customer based on profile and objective
  4. 5. when a person dies and leaves the securities to heirs, the cost basis is _______ if it has increased in value.
  5. 6. This is one of the exceptions to the 10% early distribution penalty on distributions out of certain retirement plans
  6. 7. a fee-based account, with one fee for all the services the firm provides
  7. 8. this type of qualified retirement plan requires employer contributions only when the company makes a profit
  8. 10. ________457 plans are nonqualified plans set up by state and local governments
  9. 13. If customers make this type of contribution, they may have a 6% IRS penalty
  10. 17. This type of qualified retirement plan is for self-employed and unincorporated persons