Laws & RegulationsCâu 17 / 100
Under the Uniform Securities Act, the term 'security' would NOT typically include:
a.An investment contract
b.A note or bond
c.A fixed-payment whole life insurance policy
d.A share of stock
Giải thích
A fixed, guaranteed whole life insurance policy and fixed annuities are generally excluded from the definition of a security. Investment contracts, notes, bonds, and stock are securities. Variable products, by contrast, are securities because of investment risk borne by the holder.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An investment adviser wants to enter a contract that assigns the advisory agreement to another firm following a merger. Under the Uniform Securities Act, assignment of an advisory contract generally requires:
- Which of the following best describes a fiduciary obligation that an investment adviser owes but a broker-dealer historically did not owe under a pure suitability standard?
- An agent 'churns' a client's account. This unethical practice is best defined as:
- An agent shares in the profits and losses of a customer's account. Under NASAA standards, this is permitted only if:
- A client sends an unsolicited written complaint to an agent alleging unauthorized trading. The agent should:
- Under the Investment Advisers Act, a performance-based fee that charges a share of capital gains is generally permitted only when the client is:
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