Question 1

If the final registration statement contains a material misstatement or omission,the purchaser of the security can recover damages from

Accepted Answer

A) everyone who signed the registration statement. 
B) the company's directors,but not the chief officers. 
C) the experts who signed the registration statement,but not any other parties. 
D) the issuer of the security,but not the company's directors or chief officers. 
A) everyone who signed the registration statement. 
B) the company's directors,but not the chief officers. 
C) the experts who signed the registration statement,but not any other parties. 
D) the issuer of the security,but not the company's directors or chief officers.

Question 2

Under Section 10(b)of the 1934 Act,all of the following would be considered a "corporate insider" EXCEPT

Accepted Answer

A) the janitorial company who cleans the corporate offices. 
B) a major shareholder of the corporation. 
C) a member of the board of directors. 
D) All of these are correct. 
A) the janitorial company who cleans the corporate offices. 
B) a major shareholder of the corporation. 
C) a member of the board of directors. 
D) All of these are correct.

Question 3

Typically,exemptions under the 1933 Act are based on either the type of security or the type of transaction.

Accepted Answer

A) True 
 B)False

Question 4

What is the legal term meaning that someone has acted with the intent to deceive or with deliberate recklessness as to the possibility of misleading investors?

Accepted Answer

A) scienter 
B) omission 
C) negligence 
D) fraud 
A) scienter 
B) omission 
C) negligence 
D) fraud

Question 5

The SEC has enforcement powers,including the power to issue cease and desist orders,to levy fines,and to confiscate profits from illegal transactions.

Accepted Answer

A) True 
 B)False

Exam 37: Securities Regulation

If the final registration statement contains a material misstatement or omission,the purchaser of the security can recover damages from

Under Section 10(b)of the 1934 Act,all of the following would be considered a "corporate insider" EXCEPT

Typically,exemptions under the 1933 Act are based on either the type of security or the type of transaction.

What is the legal term meaning that someone has acted with the intent to deceive or with deliberate recklessness as to the possibility of misleading investors?

The SEC has enforcement powers,including the power to issue cease and desist orders,to levy fines,and to confiscate profits from illegal transactions.

Introduction to Law

Ethics and Corporate Social Responsibility

International Law

Common Law, Statutory Law, and Administrative Law

Constitutional Law

Dispute Resolution

Crime

Intentional Torts and Business Torts

Negligence, Strict Liability, and Product Liability

Privacy and Internet Law

Introduction to Contracts

Agreement: Offers and Acceptances

Consideration

Legality

Voidable Contracts: Capacity and Consent

Written Contracts

Third Parties

Contract Termination

Remedies

Practical Contracts

Introduction to Sales

Ownership, Risk and Warranties

Performance and Remedies

Secured Transactions

Creating a Negotiable Instrument

Liability for Negotiable Instruments

Accountants Liability

Agency Law

Employment and Labor Law

Employment Discrimination

Starting a Business: Llcs and Other Options

Partnerships

Life and Death of a Corporation

Management Duties

Shareholder Rights

Bankruptcy

Antitrust

Consumer Protection

Environmental Law

Intellectual Property

Real Property and Landlord Tenant Law

Personal Property and Bailment

Planning for the Future: Wills, Trusts and Insurance

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