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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

1940 Investment Advisors Act


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.