Series 7 - General Securities Representative Exam
In kind transfer
Is a transfer of securities between brokers that requires securities to be sold first, prior to the transferA
Is a transfer of securities between brokers as-is and does not required sale of the securities prior to transferB
Is a transfer of investments between individuals that have received inheritances and must pay taxC
Is a transfer of securities that occurs when changing IRA account type from Traditional to RothD
An in kind transfer allows for securities to be transferred between brokers as-is; without having to sell them first.