Series 6 - Investment Company And Variable Contracts Products Representative Exam
A deferred compensation plan is somewhat risky because if the business fails,
The employee becomes an owner of the firmA
The employee has to help the firm pay back its debtsB
The employee must declare bankruptcyC
The employee becomes a general creditor of the firmD
If an employee has a deferred compensation plan through their company and the company fails, the employee becomes a general creditor of the firm.