Recording Chat Whiteboard 496-840-616 38 of 10 Flag for Review One of your clients, Harry, has heard that he can defer paying tax on capital gains. He wants to know if what he has heard is correct and if so, how to defer paying taxes on capital gains. What would you tell Harry? O Harry should buy and sell investments actively. He should invest in mutual funds just before the dividend paying date to pick up the dividend. He should hold profitable investments as long as possible. He should hold unprofitable investments as long as possible. Chat Recording 496-840-616 Arthur holds an investment account in client name with Investwell Mutual Funds. Which of the following statement about accounts held in client name is CORRECT? O Irrespective of whether the account is in client name or nominee name, the client is the registered and legal owner of the purchased mutual funds. O For accounts held in client name it is permissible to use the Limited Authorization Form (LAF) to facilitate trade execution. A Limited Authorization Form (LAF) confers discretionary trading authority on the mutual fund dealer or the Dealing Representative. A Limited Authorization Form (LAF) is required in all cases when an account is established in nominee name. Flag
Recording Chat Whiteboard 496-840-616 38 of 10 Flag for Review One of your clients, Harry, has heard that he can defer paying tax on capital gains. He wants to know if what he has heard is correct and if so, how to defer paying taxes on capital gains. What would you tell Harry? O Harry should buy and sell investments actively. He should invest in mutual funds just before the dividend paying date to pick up the dividend. He should hold profitable investments as long as possible. He should hold unprofitable investments as long as possible. Chat Recording 496-840-616 Arthur holds an investment account in client name with Investwell Mutual Funds. Which of the following statement about accounts held in client name is CORRECT? O Irrespective of whether the account is in client name or nominee name, the client is the registered and legal owner of the purchased mutual funds. O For accounts held in client name it is permissible to use the Limited Authorization Form (LAF) to facilitate trade execution. A Limited Authorization Form (LAF) confers discretionary trading authority on the mutual fund dealer or the Dealing Representative. A Limited Authorization Form (LAF) is required in all cases when an account is established in nominee name. Flag
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Recording
Chat
Whiteboard
496-840-616
38 of 10
Flag for Review
One of your clients, Harry, has heard that he can defer paying tax on capital gains. He wants to know if what he has heard is correct and
if so, how to defer paying taxes on capital gains.
What would you tell Harry?
O Harry should buy and sell investments actively.
He should invest in mutual funds just before the dividend paying date to pick up the dividend.
He should hold profitable investments as long as possible.
He should hold unprofitable investments as long as possible.
Transcribed Image Text:Chat
Recording
496-840-616
Arthur holds an investment account in client name with Investwell Mutual Funds.
Which of the following statement about accounts held in client name is CORRECT?
O Irrespective of whether the account is in client name or nominee name, the client is the registered and legal owner of the
purchased mutual funds.
O For accounts held in client name it is permissible to use the Limited Authorization Form (LAF) to facilitate trade execution.
A Limited Authorization Form (LAF) confers discretionary trading authority on the mutual fund dealer or the Dealing
Representative.
A Limited Authorization Form (LAF) is required in all cases when an account is established in nominee name.
Flag
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