Question 1

Rule 10b-5 of the Securities Exchange Act of 1934 applies to:

Accepted Answer

A)  issuances of securities if they are covered by a registration statement 
B)  trading of securities if the trading is done on a national exchange 
C)  only transactions connected with a merger of consolidation 
D)  any transfer of securities 
E)  only transfers made in violation of a transfer restriction 
A)  issuances of securities if they are covered by a registration statement 
B)  trading of securities if the trading is done on a national exchange 
C)  only transactions connected with a merger of consolidation 
D)  any transfer of securities 
E)  only transfers made in violation of a transfer restriction

Question 2

Which of the following is true about the relationship between the registration statement and the prospectus?

Accepted Answer

A)  Only the registration statement is required to be filed with the SEC,and only the prospectus must be provided to purchasers of securities. 
B)  Both the registration statement and the prospectus must be submitted to the SEC,and both are required to be provided to prospective purchasers of securities. 
C)  Both the registration statement and the prospectus must be submitted to the SEC,but only the Prospectus is required to be provided to prospective purchasers of securities. 
D)  Both the registration statement and the prospectus must be submitted to the SEC,but only the Registration Statement is required to be provided to prospective purchasers of securities. 
E)  Both the registration statement and the prospectus must be submitted to the SEC,but either may be submitted to prospective investors,so long as one is. 
A)  Only the registration statement is required to be filed with the SEC,and only the prospectus must be provided to purchasers of securities. 
B)  Both the registration statement and the prospectus must be submitted to the SEC,and both are required to be provided to prospective purchasers of securities. 
C)  Both the registration statement and the prospectus must be submitted to the SEC,but only the Prospectus is required to be provided to prospective purchasers of securities. 
D)  Both the registration statement and the prospectus must be submitted to the SEC,but only the Registration Statement is required to be provided to prospective purchasers of securities. 
E)  Both the registration statement and the prospectus must be submitted to the SEC,but either may be submitted to prospective investors,so long as one is.

Question 3

Section 11 of the Securities Act of 1933 provides:

Accepted Answer

A)  criminal liability for intentional misstatements only 
B)  civil liability for intentional misstatements only 
C)  civil liability for intentional misstatements or for misstatements where negligence led to the false statement 
D)  criminal liability for selling securities without a prospectus 
A)  criminal liability for intentional misstatements only 
B)  civil liability for intentional misstatements only 
C)  civil liability for intentional misstatements or for misstatements where negligence led to the false statement 
D)  criminal liability for selling securities without a prospectus

Question 4

Under Section 24 of the Securities Act of 1933,the maximum penalty is imprisonment for:

Accepted Answer

A)  1 year 
B)  2 years 
C)  5 years 
D)  10 years 
E)  20 years 
A)  1 year 
B)  2 years 
C)  5 years 
D)  10 years 
E)  20 years

Exam 41: Investor Protection and Online Securities Transactions

Rule 10b-5 of the Securities Exchange Act of 1934 applies to:

Which of the following is true about the relationship between the registration statement and the prospectus?

Section 11 of the Securities Act of 1933 provides:

Under Section 24 of the Securities Act of 1933,the maximum penalty is imprisonment for:

Legal Heritage and the Information Age

Court Systems and Jurisdiction

Judicial, Alternative, and Online Dispute Resolution

Constitutional Law for Business and E-Commerce

Intentional Torts and Negligence

Strict Liability and Product Liability

Intellectual Property and Cyber Piracy

Criminal Law and Cyber Crimes

Nature of Traditional and E-Contracts

Agreement

Consideration and Promissory Estoppel

Capacity and Legality

Genuineness of Assent and Undue Influence

Statute of Frauds and Equitable Exceptions

Third-Party Rights and Discharge

Remedies for Breach of Traditional and E-Contracts

Internet Law and E-Commerce

Formation of Sales and Lease Contracts

Title to Goods and Risk of Loss

Remedies for Breach of Sales and Lease Contracts

Sales and Lease Warranties

Creation of Negotiable Instruments

Transferability and Holder In Due Course

Liability,Defenses and Discharge

Checks, the Banking System, and E-Money

Creditor's and Debtor's Rights

Secured Transactions and Electronic Filing

Bankruptcy and Reorganization

Agency Formation and Termination

Liability of Principals, Agents, and Independent Contractors

Employment,Worker Protection,and Immigration Laws

Labor Law and Collective Bargaining

Equal Opportunity in Employment

Small Businesses, Entrepreneurs, and General Partnerships

Limited Partnerships and Limited Liability Limited Partnerships

Corporate Formation and Financing

Corporate Governance and the Sarbanes Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Companies and Limited Liability Partnerships

Franchises and Special Forms of Business

Ethics and Social Responsibility of Business

Administrative Law and Regulatory Agencies

Consumer Protection and Product Safety

Environmental Protection and Global Warming

Antitrust Law and Unfair Trade Practices

Personal Property and Bailment

Real Property

Landlord Tenant Law and Land Use Regulation

Insurance

Accountants' Liability

Wills, Trusts, and Elder Law

Family Law

International and World Trade Law

Filters