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LIFO or FIFO? Depends. RTFQ!
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SIE exam, Series 6 exam, Series 7 exam, Series 65 exam and Series 66 exam
Variable Annuities random distributions are LIFO.
If shares can't be identified IRS imposes FIFO.
Broker/Dealers may assign exercise notices random, FIFO or another fair method.
Variable Annuities random distributions are LIFO.
If shares can't be identified IRS imposes FIFO.
Broker/Dealers may assign exercise notices random, FIFO or another fair method.
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