Which of the following acts abolished fixed commission schedules?

A) Investment Advisers Act of 1940
B) Investment Company Act of 1940
C) Securities Acts Amendments of 1975
D) Insider Trading and Fraud Act of 1988

Answer: C

Business

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The chief disadvantage to a firm that decides to follow a product specialization strategy in selecting target markets is that ________

A) no synergy exists B) logistics can become a nightmare C) the product may be supplanted by an entirely new technology D) competitors can easily copy any new product introductions E) e-commerce becomes difficult for the company

Business

Taxes are collected on a pay-as-you-go basis

Indicate whether this statement is true or false.

Business