Direct or Indirect Interests

Question 1

Covered member acts as grantor and set up a trust. He makes no decisions regarding its investment, he can’t control or make any changes to the trust and underlying investments will not ultimately revert to the grantor.

What type of interest Covered Member has with its underlying investments?

Answer 1

Indirect

Question 2

Covered member is a partner in LLP as General Partner.

What type of interest Covered Member has with its underlying investments?

Answer 2

Direct

Question 3

Covered member is partner in LL.P as Limited Partner.

What type of interest Covered Member has with its underlying investments?

Answer 3

Indirect

Question 4

Covered member is partner in LLC that is member-managed.

What type of interest Covered Member has with its underlying investments?

Answer 4

Direct

Question 5

Covered member is partner in LLC that is agent managed.

What type of interest Covered Member has with its underlying investments?

Answer 5

Indirect

Question 6

Covered member is partner in LLC that is agent managed an has an authority to control the LLC.

What type of interest Covered Member has with its underlying investments?

Answer 6

Direct

Question 7

Covered member is partner in LLC that is agent managed and participate in its Investment directing decisions.

What type of interest Covered Member has with its underlying investments?

Answer 7

Direct

Question 8

Covered member or IFM have a retirement plan and have the ability to supervise or participate in the plan’s investment decisions.

What type of interest Covered Member has with underlying investments?

Answer 8

Direct

Question 9

A covered member participates in a retirement plan but do not self-direct or supervise or participate in the plan’s investment decisions.

What type of interest Covered Member has with underlying investments?

Answer 9

Indirect

Question 10

A covered member is a trustee of defined benefit plan.

What type of interest Covered Member has with underlying investments?

Answer 10

Direct?

Question 11

Covered member has a defined benefit plans and not a trustee or have no ability to supervise or participate in the plan’s investment decisions.

What type of interest Covered Member has with underlying investments?

Answer 11

Indirect

Question 12

IFM has employee stock options.

What type of interest IFM has with underlying investments?

Answer 12

Indirect

Question 13

IFM has employee stock options and have a right to dispose them off.
What type of interest IFM has with underlying investments?

Answer 13

Direct

Question 14

Owner of 529 accounts use to prepay the tuition fee have what interest in Prepaid Tuition plan.

Answer 14

Direct

Question 15

Owner of 529 accounts use to prepay the tuition fee have what interest in Prepaid Tuition plan’s investment.

Answer 15

Indirect

Question 16

Owner of 529 accounts Saving Plans have what kind of interest in the Plan.

Answer 16

Direct

Question 17

Owner of 529 accounts Saving Plans have what kind of interest in the Plan’s investment.

Answer 17

Indirect

Question 18

Covered member acts as grantor and set up a trust, covered member has the ability to amend or revoke the trust.

What type of interest Covered Member has with underlying investments?

Answer 18

Direct

Question 19

Covered member acts as grantor and set up a trust, covered member has the ability to Control the trust.

What type of interest Covered Member has with underlying investments?

Answer 19

Direct

Question 20

Covered member acts as grantor and set up a trust, covered member has the ability to supervise or participate in the trust’s investment decisions.

What type of interest Covered Member has with underlying investments?

Answer 20

Direct

Question 21

Covered member acts as grantor and set up a trust, the underlying trust investments will ultimately revert to covered member as the grantor of the trust.

What type of interest Covered Member has with underlying investments?

Answer 21

Direct

Question 22

Covered member is a beneficiary of a trust, covered member has the ability to Control the trust.

What type of interest Covered Member has with underlying investments?

Answer 22

Direct

Question 23

Covered member is a beneficiary of a trust, covered member has the ability to supervise or participate in the trust’s investment decisions.

What type of interest Covered Member has with underlying investments?

Answer 23

Direct

Question 24

Covered member’s interest in Underlying Investment put in the blind trust

Answer 24

Direct

Question 25

Covered member’s interest in blind trust.

Answer 25

Direct

Question 26

A covered member is trustee of a retirement plan and supervises its investments, which include shares of an attest client.

What type of interest Covered Member has with investments?

Answer 26

Direct

Question 27

A covered member participates in a retirement plan and has discretion to direct its investments, which include shares of an attest client.

What type of interest Covered Member has with investments?

Answer 27

Direct

Question 28

A covered member who owns shares in a mutual fund. What type of interest Covered Member has with mutual fund?

Answer 28

Direct