Question

Under the Uniform Securities Act, a structured security issued by an investment bank is a(n):_________

Answer 1

Answer:

Under the Uniform Securities Act, a structured security issued by an investment bank is a(n):

• Non Exempt Security

Explanation:

• Uniform Securities Act is such an act that provide assistance in the law enforcement and regulation to the Securities and Exchange Commission of the United States of America.
• Under this act, a structured security issued by an investment bank is a non exempt security and these securities remain non-exempt under both federal law and state law.
• A structured security is basically similar to the investments like bonds which are not backed by the physical asset. They are backed by the promise of the issuing bank.