Why is the definition of "securities" so broad? Can anything be excluded from that definition?
The definition is broad to be as encompassing as possible to try to protect investors in as many ways from as many different people as possible. Recently, the U.S. Supreme Court has excluded only an employer pension plan in which employees are not required to make contributions from the definition of "securities".
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The Smith family owns 200 shares of Elta stock. The company declared a 5% stock dividend. The Smiths now own:
A. 200 shares. B. 205 shares. C. 210 shares. D. 420 shares. E. 410 shares.
Explain the relevance of cloud-based hosting today.
What will be an ideal response?
What is a transfer of an instrument?
A) issuance of the instrument B) presentment of the instrument for payment C) passage of the instrument other than issuance and presentment D) cancellation of the instrument
Growth stocks generally pay large dividends on a regular basis.
Answer the following statement true (T) or false (F)