RegistrationPregunta 3 de 100
Which of the following is NOT a security under the Uniform Securities Act?
a.A certificate of interest in an oil and gas drilling program
b.A variable annuity contract
c.A limited partnership interest in a real estate venture
d.A fixed annuity contract whose payout is guaranteed by the insurance company
Explicación
A fixed annuity shifts the investment risk to the insurer and pays a guaranteed dollar amount, so it is treated as an insurance product rather than a security. A variable annuity passes investment risk to the contract holder and is a security. Fractional interests in oil and gas programs and limited partnership interests are both named in the statutory definition.
Referencia Legal: Uniform Securities ActPractica las 100 preguntas gratis — sin registro.
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