Series 7 - General Securities Representative Exam
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The Trust Indenture Act Of 1939
applies to all securities including LEAP options and that are offered for public sale
A
applies to equity and debt securities such as preferred stocks, and bonds and that are offered for public sale
B
applies to equity securities such as common and preferred stocks, and that are offered for public sale
C
applies to debt securities such as bonds, debentures, and notes that are offered for public sale
D
Explanations
The The Trust Indenture Act Of 1939 applies to debt securities. It does not apply to stocks or LEAPS