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Under the Uniform Securities Act (USA), Which of the Following

Question 62

Multiple Choice

Under the Uniform Securities Act (USA) , which of the following statements would be disallowed?


A) The government of the U.S. guarantees a 3% interest rate, to be paid semiannually, on a new 5-year Treasury note.
B) A sales representative of GetErDone Broker-Dealers guarantees that a client can expect an average annual rate of return of 2% on a mutual fund investment the sales representative is selling, pointing to the fact that the fund has returned an average annual rate of return of 6% over the past ten years.
C) An insurance company guarantees a fixed payment of $300 a month for life on an annuity it is selling.
D) Neither the statements in Selections B or C would be allowed under the guidelines of the Uniform Securities Act.

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