Question

Which of the following is considered a reportable security that must be included in personal securities transaction reports submitted to the chief compliance officer, or their delegate?

a. Direct obligations of the Government of the United States.
b. Bankers' acceptances, bank certificates of deposit, commercial paper and high quality short-term debt instruments, including repurchase agreements.
c. Common stock.
d. Shares issued by open-end mutual funds other than reportable funds.

Answer 1

Common stock is considered a reportable security that must be included in personal securities transaction reports, while government bonds, certain money market instruments, and most open-end mutual fund shares are not.

Step-by-step explanation:

Among the options provided, common stock is considered a reportable security that must be included in personal securities transaction reports submitted to the chief compliance officer, or their delegate. Direct obligations of the Government of the United States, such as government bonds, are typically considered low risk and are not required to be reported.

Other instruments that are usually exempt from such reporting include bankers' acceptances, bank certificates of deposit, commercial paper, and high-quality short-term debt instruments, including repurchase agreements. Furthermore, shares issued by open-end mutual funds other than reportable funds are also not considered reportable securities.