Laws & Regulations第 87 / 110 题
Under the Uniform Securities Act, which of the following is excluded from the definition of a 'security'?
a.A corporate bond
b.A share of common stock
c.A fixed insurance policy or fixed annuity
d.An investment contract
解析
Fixed insurance policies and fixed annuities are generally excluded from the definition of a security because they do not involve investment risk to the purchaser in the same way. Stocks, bonds, and investment contracts are securities subject to registration and antifraud provisions. Variable annuities, by contrast, are securities.
法律依据: Uniform Securities Act免费刷完整 110 道题库 — 无需注册。
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