Asked by Herantha Wickramasekera on Jul 05, 2024
Verified
The Securities Act of 1933 offers a simplistic definition of a security.
Simplistic Definition
A type of explanation or description that is intentionally basic and straightforward, possibly overlooking complexities.
Security
A financial instrument designated as a note, stock, or bond or any other instrument named in the Securities Act of 1933.
- Recognize the definitions and characteristics of securities as outlined in significant legal decisions and legislation.
Verified Answer
LD
Laura DamonJul 11, 2024
Final Answer :
False
Explanation :
The Securities Act of 1933 offers a complicated definition of a security,and as a result,courts have struggled when determining whether a particular instrument is a security.
Learning Objectives
- Recognize the definitions and characteristics of securities as outlined in significant legal decisions and legislation.