Which of the following acts requires that a trustee be appointed for sales of bonds,debentures,and other debt securities of public corporations?
A)Securities Investor Protection Act
B)Trust Indenture Act
C)Investment Company Act
D)Investment Advisors Act

Question

Quizplus · Accepted Answer

The Trust Indenture Act requires that a trustee be appointed for sales of bonds, debentures, and other debt securities of public corporations to protect the interests of bondholders. The Securities Investor Protection Act pertains to the protection of customers in the event of broker-dealer failures. The Investment Company Act regulates the organization and operations of investment companies. The Investment Advisors Act governs investment advisor registration and regulation.

Which of the Following Acts Requires That a Trustee Be