Those who have a “fiduciary duty” owe a duty of care and a duty of loyalty to their clients, and are charged with acting in the client’s best…
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An alternative investment is an investment that is not a stock, a bond or cash. AIs may include real estate investments, promissory note programs, hedge funds, derivatives contracts…
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An accredited investor is an individual whose income exceeded $200,000 in each of the two prior years (or $300,000 together with a spouse), and whose income is expected…
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A Letter of Acceptance, Waiver and Consent or AWC is a consent agreement between FINRA and one of its members or associated persons, such as a registered broker,…
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A unit investment trust (“UIT”) is a type of Investment Company that issues securities, typically called “units,” representing undivided interests in a relatively fixed portfolio of securities. UITs…
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