Which of the following are common indicators of possible money laundering within the securities industry? (Select Two.)

Receiving securities following the death of a spouse is a common, legally recognized estate or inheritance transaction with a clear lawful explanation, not an indicator of illicit activity.

Allowing fixed income securities to mature is a routine, low-risk investment strategy consistent with normal portfolio management, and does not suggest any attempt to disguise or move illicit funds.

Using a brokerage account like a deposit account - frequently moving funds in and out without a clear investment purpose - mirrors the placement and layering stages of money laundering, where criminals inject illicit cash into the financial system under the cover of apparent investment activity. This pattern is specifically highlighted in AML typologies for the securities sector because it obscures the origin of funds without a legitimate business rationale.

Transactions involving nominees or third parties are a recognized method of concealing the true beneficial owner of funds, a core technique in money laundering schemes designed to break the paper trail linking criminals to illicit proceeds. Regulatory guidance and FINRA rules explicitly identify the use of third parties or nominees as a significant red flag warranting enhanced scrutiny in securities accounts.