SIE Exam Question 602: Answer and Explanation

Question: 602

All but which of the following are considered securities under the Uniform Securities Act?

• A. Debentures
• B. Precious metals
• C. Variable annuities
• D. Variable life insurance

Correct Answer: B

Explanation:

Debentures, variable annuities, and variable life insurance are considered securities under the Uniform Securities Act. Precious metals are not considered securities.