Series 63 practice questionmediumCertificates of Interest
A certificate of interest in an oil, gas, or mining title is:
- ASpecifically included in the USA's definition of a security✓ Correct answer
- BExcluded from the definition of a security if held by an accredited investor
- COnly a security if it is exchange-listed
- DAlways excluded from the definition of a security
Explanation
Why A — Specifically included in the USA's definition of a security
Certificates of interest in oil, gas, or mining titles are specifically included as securities under USA Section 401(l), regardless of who holds them or whether they are listed.
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