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19 Cards in this Set

  • Front
  • Back

Class of options

Same security


Same type of option

Variable annuity

Regulated under securities act of 1940


Must be sold with prospectus

Custodian accounts

Cannot be margin


No short sales

IRA contributions not deductible when

High income earner


Already covered by another retirement plan

Syndicate members helping other members sell

Earn selling concession

Keogh distributions start

No later then April 1st the year after the individual turns 70 1/2

Retirement plans don’t buy

Tax exempt muni bonds

Straddles

Expect market volatility

Annuity risks for purchaser

Investment


Legislative


Interest rate

Annuity risks for the issuer

Mortality


Expense

Paperwork required for trading to commence in the account of a deceased person

Executors authorization certificate


Copy of death certificate


Affidavit of domicile

Margin department

Maintains records


Generate statements


Compute equity


Send margin calls

Purchase and sales department

Process and reconcile executed orders

Margin vs cash account

Same price volatility


Margin has more leverage

Firm suspects exploitation of elderly

15 day freeze on suspicious distributions

Coverdell funds not used for education

Taxable with 10% penalty

Reg T extension request

4th day after trade date

529 contributions

Dollar limit at state level only

Rollover deceased persons IRA

Spouses only