Series 7 - General Securities Representative Exam

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All of the following are true of ERISA, EXCEPT

It protects the interests of employee benefit plan beneficiaries
A
It protects the interests of employee benefit plan participants
B
It was passed in 1974
C
It protects clients of brokerage firms that are forced into bankruptcy
D
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Explanations

The Employee Retirement Income Security Act of 1974 protects the interests of employee benefit plan participants and their beneficiaries. SIPC protect the clients of brokerage firms that are forced into bankruptcy

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