Six Items NOT considered a security

Question 1

An insurance or endowment policy or annuity contract under which an insurance company promises to pay a fixed sum of money either in a lump or periodically (this is basically any product from a life insurance company that does not use the word “variable”

Answer 1

IS NOT a security

Question 2

Interest in a retirement plan, such as an IRA or Keogh plan

Answer 2

IS NOT a security

Question 3

Collectibles

Answer 3

ARE NOT a security

Question 4

Commodities such as precious metals and grains or futures contracts for commodities

Answer 4

ARE NOT a security

Question 5

Condominiums used as personal residences

Answer 5

ARE NOT a security

Question 6

Currency

Answer 6

IS NOT a security

Question 7

ONE MORE! Confirmation of a securities trade is not a security it’s just a document evidencing that a transaction took place

Answer 7

Confirmation of a securities trade is not a security it’s just a document evidencing that a transaction took place