Brokerage Account Disclosures Sample Clauses

Brokerage Account Disclosures. The changes below are effective January 1, 2020, and apply to the Brokerage Account Disclosures. The Brokerage Account Disclosures is revised as follows: The following new language is added to paragraphs 11 and 12: “For all types of IRA accounts, please see the section entitled ‘Escheatment of Abandoned Property’ in the associated Disclosure Statement and Custody Agreement that govern your account.” Paragraph 12 is being retitled to “Escheatment of Abandoned Property.” TABLE OF CONTENTS DISCLOSURE STATEMENT Introduction 3 Section I—Revocation 3 Section II—General Information About Your Traditional or Xxxx XXX 3 Section III—Types of Individual Retirement Accounts 3 Section IV—Annual Contributions and Deductions 4 Section V—Conversions to Xxxx IRAs 7 Section VI—Recharacterizations 8 Section VII—Rollovers 8 Section VIII—Transfers 9 Section IX—IRA Prohibitions 10 Section X—Beneficiaries 10 Section XI—Distributions and Taxation 11 Section XII—Required Minimum Distributions 13 Section XIII—Penalty Taxes 16 Section XIV—Fees 16 Section XV—Tax Forms 17 Section XVI—Miscellaneous 17 CUSTODIAL AGREEMENT Introduction 18 Article I—Definitions 18 Article II—Contributions 19 Article III—Rollover Contributions and Transfers 21 Article IV—Investments 22 Article V—Distribution Rules 23 Article VI—Administration 25 Article VII—Additional Provisions Regarding the Custodian 26 Article VIII—Amendment 26 Article IX—Resignation or Removal of Custodian 26 Article X—Termination of Account 27 Article XI—Miscellaneous 27 PRIVACY POLICY 28