SIE - Securities Industry Essentials Exam

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The surrender charge, various fees and costs, market risk, and potential tax penalties must be communicated to the customer when selling a

Direct participation program
A
Deferred variable annuity
B
Short term bond fund
C
Hedge fund with lockups
D

Explanations

Surrender charge is a good giveaway that this refers to a variable annuity. These items must be disclosed to the customer.

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