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Questions and Answers
Who is responsible for making liquidations in a SDIRA?
Who is responsible for making liquidations in a SDIRA?
- The customer (correct)
- The investment manager
- The financial advisor
- The custodial representative
What happens if the funds in a SDIRA are not in a cash position?
What happens if the funds in a SDIRA are not in a cash position?
- The funds cannot be transferred
- They are automatically transferred to a non-cash asset
- They are moved into cash by the custodial representative
- The customer is instructed to transfer the funds (correct)
Are non-cash assets transferable in a SDIRA?
Are non-cash assets transferable in a SDIRA?
- Only if they are converted to cash
- No, they cannot be transferred (correct)
- Yes, they can be transferred
- Only with the approval of the custodial representative
Which type of advice are you NOT licensed to give?
Which type of advice are you NOT licensed to give?
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Who is responsible for making liquidations in a SDIRA?
Who is responsible for making liquidations in a SDIRA?
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When should you redirect questions to the custodial representative?
When should you redirect questions to the custodial representative?
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Which type of advice does the company NOT provide?
Which type of advice does the company NOT provide?
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If the customer has questions about what to transfer, what should they do?
If the customer has questions about what to transfer, what should they do?
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What should the company disclose to the customer?
What should the company disclose to the customer?
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