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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

1940 Investment Advisors Act

Definition:

Wondering why you're taking this exam? This is why! After people claiming to be "investment advisors" scammed a lot of innocent folks, this act established the rules you have to follow to become a registered investment advisor. For the test, note that if an advisor bills outside of the trading relationship with the client, they do not need to be registered.

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