SIE Understanding Products and Their Risks Practice Question 34
Question: 34
Which of the following acts included a security future in the definition of an equity security?
Correct Answer: C
Explanation:
C: Choice C, the 2000 Commodity Futures Modernization Act, modified the definition of security to include a security future. Choice A regulates initial public offerings (IPOs). Choice B established the SEC and regulates the secondary market. Choice D clarified audit rules and CEO's responsibility for accuracy of financial statements.
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