In order for a stock to qualify for inclusion on the "legal lists," a firm must ____.
A) register with the Securities Exchange Commission (SEC)
B) have assets in excess of $500,000
C) have 10 continuous profitable quarters
D) have a record of continuous and stable dividends

Question

Quizplus · Accepted Answer

The "legal lists" refer to securities that are approved for purchase by fiduciaries, such as trustees or guardians. A key criterion for inclusion on these lists is the requirement for a security to have a record of continuous and stable dividends, indicating reliability and financial stability.

In Order for a Stock to Qualify for Inclusion on the "Legal