In the recently completed tax year, one of your long-time clients has informed you they are concerned about their potential tax liability for the year. They show you their annual results which include long-term capital losses of $14,000; short-term capital losses of $3,000; long-term capital gains of $8,000; and short-term capital gains of $5,000. You notify your client they have which of the following tax consequences?

When a client has purchased mutual fund shares in many separate purchases over a substantial number of years, when they begin liquidating some of their shares, the IRS normally assumes:

While recommending your mutual fund client invest in a variety of funds with differing investment objectives to achieve their financial goals, over a period of time it is possible that your client may own shares of portfolios which contain many of the same corporate stocks.  It is possible this could open you and your firm up to a suitability complaint.  Which term below best describes this potential violation?

Stability of capital is most associated with which of these mutual funds?

A registered rep with an SIE and Series 6 is permitted to sell:

I. Closed-end fund shares ( IPO only)

II. UITs

III. Hedge Funds

IV. Section 529 plans

Many open-end investment companies offer a variety of withdrawal plans to suit the different needs of their clients nearing or in retirement.  For the client who does not want to exhaust their holdings, the most suitable is:

FINRA has specific rules regarding account transfers from one member firm to another:

An investor has purchased $ 100,000 worth of a non-qualified variable annuity which has grown over the years to $ 150,000 in account value.  If the client is 65 years old and wishes to withdraw  $ 25,000 from their account, the tax consequences are:

SEC Rule 10b-10:

Tracking error is a significant issue for those investing in: