NL is a country with no securities laws. LS is a country that has securities laws that are less strict than the AIMR cod
Posted: Sun Aug 07, 2022 5:58 pm
NL is a country with no securities laws. LS is a country that has securities laws that are less strict than the AIMR code of ethics while MS has securities laws that are stricter than the code of ethics. A securities trader lives in MS but conducts his business in LS. His behavior is governed by MS laws. However, the MS law states that the applicable business laws are the local laws where the business is conducted. In that case, the trader must adhere to:
A. LS business laws.
B. AIMR code.
C. MS business laws.
D. a combination of MS and LS business law.
A. LS business laws.
B. AIMR code.
C. MS business laws.
D. a combination of MS and LS business law.