the Uniform Securities Act, which of the following
are defined as securities?
I. Variable annuities
II. Fixed annuities
III. Oil & gas program fractional interests
IV. Real estate limited partnerships
a) I, III & IV
b) III & IV
c) I & II
d) I, II, III & IV
The correct answer is a.
Fixed annuities are not considered securities, since the purchaser bears no investment risk. However, variable annuities, real estate limited partnerships and fractional interests in oil & gas programs are all defined as securities.
The correct answer is d. All of these are differences between accumulation and annuity units. In addition, there are a fixed ...
The correct answer is b. When the holder of a variable annuity contract annuitizes the contract, he/she is asking that the ...
The correct answer is d) Hedge funds are extremely aggressive entities that engage in margin and short-selling. They are ...
The correct answer is B. While local practices of a broker-dealer might require the client to sign the form, even when opening ...
I. Moral suasionII. Changing the discount rateIII. Changing the reserve requirementIV. Changing the prime interest rate A. ...
The time between the end of the business day of the first business ...
A financial product that pays out a fixed stream of payments ...
An insurance contract in which, at the end of the accumulation ...
An insurance contract that allows buyers to allocate funds to ...
A secondary market annuity (SMA) is a transaction in which the ...
An amount of money that is regularly paid at the beginning of ...