Missouri Registered Investment Bond

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Multi-State
Control #:
US-01646BG
Format:
Word; 
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Description

An investment bond (sometimes called a debenture) issued by a corporation is an instrument promising to repay a loan to a corporation, which is may be secured by corporate assets. The relation between a bondholder and the corporation is that of a creditor-debtor. The principal on the debt is paid on the maturity date. The obligations evidenced by the bond may be secured or unsecured.


A registered bond is one issued with the name of the owner printed on the face of the certificate. It can be transferred to another individual only with the owner's endorsement.

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FAQ

Broker-dealer agents are required to pass the Securities Industry Essentials Examination, the Series 7 Top-off Examination and either the Series 63 Examination or the Revised Series 66 Examination.

Missouri Uniform Securities Act of 2003 All securities offered or sold in the state of Missouri must be either registered with the Commissioner of Securities, exempt from registration, or a federal covered security. These laws are intended to protect investors. A violation of these laws may be a criminal offense.

The Securities Act serves the dual purpose of ensuring that issuers selling securities to the public disclose material information, and that any securities transactions are not based on fraudulent information or practices.

Municipal bonds are free of federal income tax. Municipal bonds also may be free of state and local income taxes for investors who live in the area where the bond was issued.

Securities laws and regulations aim at ensuring that investors receive accurate and necessary information regarding the type and value of the interest under consideration for purchase. (For more information on the history of securities, see securities law history).

Anyone who is found to have criminally violated the laws of the USA is subject to a $5,000 fine and/or three years in prison. People who criminally violate the Investment Advisers Act of 1940 are subject to a $10,000 fine and/or five years in prison.

The Securities Division seeks to serve all Missourians from investors to investment professionals. Before investing, to make general inquires or to report suspected abuse, call our toll-free Investor Protection Hotline at 1-800-721-7996 or the Vulnerable Citizens Services Unit Hotline at 1-855-653-7300.

The purpose of the Uniform Securities Act is to deal with securities fraud at the state level and to assist the Securities and Exchange Commission (SEC) in enforcement and regulation.

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Missouri Registered Investment Bond