FMT103_Quiz5

Investment Stock shall be organized by:

• Partnership

• Sole Proprietorship

• Stock Corporation

• Non-Stock Corportation

Investment houses shall be accompanied by, except:

• At least 2 copies of the proposed articles of incorporation

• A projected statement of assets and liabilities of the proposed Investment House

• A tentative program of operation for one year, including its investment direction and volume

• A statement under oath of the educational background and experience of the organizers, directors, and the proposed managerial staff

________ is the act or process of guaranteeing the distribution and sale of securities of any kind issued by another corporation.

• Securities

• Underwriting

• Savior

• Financing

In addition to the powers granted to corporations in general, an Investment House is authorized to do the following:

• Arrange to distribute on a guaranteed basis, securities of other corporations and of the Government or its instrumentalities

• Participate in a syndicate undertaking to purchase and sell, distribute or arrange to distribute on a guaranteed basis, securities of other corporations and of the Government or its instrumentalities

• Arrange to distribute or participate in a syndicate undertaking to purchase and sell on a best-efforts basis, securities of other corporations and of the Government or its instrumentalities

• All of these

Stated in Investment Houses Law about Citizenship requirements under Presidential Decree No. 129 At least _______ of the voting stock of any Investment House shall be owned by citizens of the Philippines

• 30%

• 35%

• 40%

• 50%

In the case of newly-organized Investment Houses, the minimum paid-in capital shall be ________.

• P300,000

• P300,000,000

• P200,000,000

• P50,000,000

One of the Functions of an Investment House is:

• Eliminates the uncertainty of an unexpected and sudden financial loss.

• Credit Checking and Authorization

• Promote, sponsor, or otherwise assist and implement ventures, projects and programs that contribute to the economy's development

• none of these

For Investment House's Penalties for Violation - the SEC shall impose upon the Investment House and collect a fine not exceeding ________.

• P100 per day

• P100 per week

• P200 per day

• P200 per week

_______ are people or firms who buy and sell securities for their own account, whether through a broker or otherwise.

• Securities Dealers

• Securities Brokers

• Securities Agents

• Securities Assignor

Example(s) of Securities is/are the following:

• Participation or interests in a corporation

• Participation in a commercial enterprise

• Interests in a profit-making venture

• All of these