Answer:
Under the Uniform Securities Act, a structured security issued by an investment bank is a(n):
Step-by-step explanation:
- Uniform Securities Act is such an act that provide assistance in the law enforcement and regulation to the Securities and Exchange Commission of the United States of America.
- Under this act, a structured security issued by an investment bank is a non exempt security and these securities remain non-exempt under both federal law and state law.
- A structured security is basically similar to the investments like bonds which are not backed by the physical asset. They are backed by the promise of the issuing bank.