Which of the Following Was Established to Protect the Investment

question 8

Multiple Choice

Which of the following was established to protect the investment public against fraudulent and deceitful practices on the part of investment people who provide them with advice?

• A)The Investment Advisor Act of 1940.
• B)The Investment Advisor Act of 1972.
• C)The Financial Planner Act of 1940.
• D)The Financial Planner Act of 1972.
• E)None of the above.

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Definitions:

Self-Regulatory Programs

Initiatives voluntarily undertaken by industries or companies to monitor and regulate their own behavior according to established guidelines or standards.

Better Business Bureau

A non-profit organization focused on advancing marketplace trust, helping consumers identify trustworthy businesses.

Self-Regulatory Association

An organization created by members of an industry to enforce fair and ethical practices within that industry without direct government intervention.

Better Business Bureau

A nonprofit organization focused on advancing marketplace trust, providing reviews on businesses, and handling consumer complaints.