Darlene Gillespie, Who Went from Mouseketeer to Racketeer, Is an Example

question 2

Multiple Choice

Darlene Gillespie, who went from Mouseketeer to racketeer, is an example that those who commit security fraud:

• A)can come from any background.
• B)face the hazards of using a broker to make stock purchases.
• C)need some background in securities.
• D)need a financial base to get started.

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Definitions:

Unrealized Loss

A decrease in the value of an investment or asset that has not been sold, thus the loss has not been realized or converted into an actual loss.

Fair Value

The price at which an asset would be bought or sold in an orderly transaction between market participants at the measurement date.

Trading Investments

Securities bought and sold for the purpose of profiting from short-term price fluctuations.

Parent-subsidiary Relationship

The dynamic between a controlling company (parent) and a controlled company (subsidiary) in which the parent holds a significant amount of the subsidiary's stock.