Series 7 - General Securities Representative Exam

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All of the following can be a Qualified institutional buyer (QIB) EXCEPT

An insurance company as defined in section 2(a)(13) of the Act
A
Any investment company registered under the Investment Company Act
B
Any employee benefit plan within the meaning of title I of the Employee Retirement Income Security Act of 1974
C
An accredited investor with an annual income of $200,000 or greater for the prior two years
D

Explanations

Individuals cannot be QIBs, no matter how wealthy or sophisticated they are

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