Account Shifting Refers to the Movement of a Client's Account

question 101

Essay

Account shifting refers to the movement of a client's account from one agency to another. What are three typical reasons for this to occur?

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Definitions:

U.S. Constitution

The supreme law of the United States, outlining the national framework of government and fundamental principles.

Precedent

A legal decision or form of conduct that serves as an example or rule for future cases of a similar nature.

Capital Structure

The composition of a company's debts and equity, including bonds, loans, preferred stocks, and common equity, which shows how a firm finances its overall operations and growth.

Product Manufacturing

The process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications.