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.
Answer: D
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The Railway Strike of 1877 was provoked by ________
a. increased working hours b. a mass layoff c. a 10-percent wage cut d. lack of pension benefits
A bond has a par value of $1,000, a market price of $300, and a 9% coupon rate. It will mature in 5 years. What is the current yield of the bond?
A) 18.89% B) 19.00% C) 21.75% D) 48.27% E) 44.96%