Solved: 1 Should Hasit be concerned about the lack of

insurance

1. Should Hasit be concerned about the lack of insurance on his brokerage account? Are there
any specific securities acts you could cite to back up your answer?

2. Chandni is concerned about insider trading. Do you agree with Chandni's concerns? Why or
why not?

3. Provide Hasit and Chandni a list of questions to ask potential brokers to assure the Kumars
will receive the best service at the lowest costs.

4. Hasit and Chandni are considering bypassing the broker and going directly online to trade.
What cautions would you share with them? What is the difference between online investing and
day trading?

5. If an account titling option is available, would you recommend that Hasit and Chandni own
their account as tenants-in-common or as joint tenants with right of survivorship? Why? What is
the primary difference in the two account titling options?

Hasit and Chandni Kumar are in their early 40s, and until now, they have always kept their
savings in the bank. They liked the idea that a deposit in the bank was insured and guaranteed
and that, regardless of what happened in the economy or to the bank, they could always get
their money. Hasit and Chandni recently talked with a stockbroker about funding their
retirement. The stockbroker pointed out that in terms of reaching their retirement goals, a bank
account does not pay enough interest. The broker recommended that they invest in a
combination of stocks, bonds, mutual funds, and money market accounts. Both are skeptical
about the ultimate safety of their investments. Specifically, Hasit is worried about what would
happen to their securities and cash if the brokerage firm went bankrupt, and Chandni is
concerned that the markets are rigged and that only those with inside information ever make
any money. Both are equally concerned that the markets are unregulated gambles and that
there is no way to regulate the ethics of brokers.

1 Should Hasit be concerned about the lack of insurance

ANSWER
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