The Securities Investor Protection Corporation (SPIC) was established to
A) Oversee the liquidation of brokerage firms and insure investor's accounts to a maximum value of $500,000 in case of bankruptcy by the broker
B) To protect investor from corporate insider trading and insure their accounts for $500,0000 in case corporate fraud caused a company to go bankrupt
C) Cover the total market loss on an investor's brokerage account in case of bankruptcy of the broker
D) Create an insurance pool for brokerage firms so that if one firm went bankrupt,all investor losses would be covered out of the insurance pool.
Correct Answer:
Verified
Q80: Full disclosure of all pertinent investment information
Q90: Program trading
A)Means that when a given market
Q91: Secondary markets provide everything except
A)Illiquidity
B)Efficiency
C)Continuity
D)Competition
Q92: Traditionally,the type of security sold by corporations
Q93: A commission broker is one who
A)Is registered
Q94: The first exchange to become a publicly
Q96: In order to be listed on an
Q97: The New York Stock Exchange measures the
Q98: The investment banker is responsible for everything
Q100: The biggest dilemma in creating a national
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