In which of the following cases might an investor receive help from The Securities Investor Protection Corporation?
A) The investor purchased a stock at $40 per share because his broker recommended it. Over the next six months, it fell to $20 per share.
B) The investor purchases stock in a company that shortly later was forced into bankruptcy because of accounting fraud.
C) The investor holds $100,000 worth of stock in certificate form. The certificates are destroyed in a fire.
D) A broker took money sent by investors to cover stock purchases, but never invested it and sent falsified statements to cover the fraud.
Correct Answer:
Verified
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