Exam 41: Investor Protection, e-Securities, and Wall Street Reform

The nonissuer exemption permits local businesses to raise capital from local investors to be used in the local economy without the need to register with the SEC.

(True/False)

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Question 21

Drafts that have a maturity date of six months are exempt from registration with the SEC.

(True/False)

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Question 22

Which of the following is regulated by the Securities Act of 1933?

(Multiple Choice)

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Question 23

The sale of securities by an issuer to the public is known as an initial public offering.

(True/False)

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Question 24

The Howey test is used to determine if an arrangement is an investment contract.

(True/False)

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Question 25

Which of the following best defines short-swing profits?

(Multiple Choice)

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Question 26

A registration statement need not contain details on how the proceeds from the offering will be used.

(True/False)

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Question 27

Interests in oil,gas,and mineral rights are classified as ________.

(Multiple Choice)

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Question 28

A(n)________ is an exemption from registration that permits local businesses to raise capital from local investors to be used in the local economy without the need to register with the SEC.

(Multiple Choice)

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Question 29

Which of the following is true of Section 24 of the Securities Act of 1933?

(Multiple Choice)

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Question 30

Which of the following is true of Small Company Offering Registration (SCOR)forms?

(Multiple Choice)

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Question 31

It is legal for a company employee to make a profit by personally purchasing shares of the corporation prior to public release of favorable information.

(True/False)

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Question 32

Which of the following constitutes insider trading?

(Multiple Choice)

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Question 33

A prospectus is a written disclosure provided with the registration statement that helps the SEC to evaluate the financial risk of an investment.

(True/False)

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Question 34

A "whistleblower bounty program" allows a person who provides information that leads to a successful SEC action to recover 10 percent to 30 percent of the monetary sanctions over $1 million recovered by the SEC.

(True/False)

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(70)

Question 35

An accredited investor is defined as a person who does not understand the risks involved in securities investment and will suffer considerable financial damage if the investment fails.

(True/False)

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Question 36

The ________ coordinates state securities laws with federal securities laws.

(Multiple Choice)

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Question 37

According to Regulation A,securities of up to $5 million can only be sold to accredited investors.

(True/False)

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Question 38

A(n)________ is a flexible standard for defining a security.

(Multiple Choice)

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Question 39

An offering circular must be provided to the investors immediately after the purchase of a Regulation A offering.

(True/False)

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Question 40

Showing 21 - 40 of 81

Exam 41: Investor Protection, e-Securities, and Wall Street Reform

The nonissuer exemption permits local businesses to raise capital from local investors to be used in the local economy without the need to register with the SEC.

Drafts that have a maturity date of six months are exempt from registration with the SEC.

Which of the following is regulated by the Securities Act of 1933?

The sale of securities by an issuer to the public is known as an initial public offering.

The Howey test is used to determine if an arrangement is an investment contract.

Which of the following best defines short-swing profits?

A registration statement need not contain details on how the proceeds from the offering will be used.

Interests in oil,gas,and mineral rights are classified as ________.

A(n)________ is an exemption from registration that permits local businesses to raise capital from local investors to be used in the local economy without the need to register with the SEC.

Which of the following is true of Section 24 of the Securities Act of 1933?

Which of the following is true of Small Company Offering Registration (SCOR)forms?

It is legal for a company employee to make a profit by personally purchasing shares of the corporation prior to public release of favorable information.

Which of the following constitutes insider trading?

A prospectus is a written disclosure provided with the registration statement that helps the SEC to evaluate the financial risk of an investment.

A "whistleblower bounty program" allows a person who provides information that leads to a successful SEC action to recover 10 percent to 30 percent of the monetary sanctions over $1 million recovered by the SEC.

An accredited investor is defined as a person who does not understand the risks involved in securities investment and will suffer considerable financial damage if the investment fails.

The ________ coordinates state securities laws with federal securities laws.

According to Regulation A,securities of up to $5 million can only be sold to accredited investors.

A(n)________ is a flexible standard for defining a security.

An offering circular must be provided to the investors immediately after the purchase of a Regulation A offering.

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