Exam 41: Investor Protection and E-Securities Transactions

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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Question 21

________ is a provision of the Securities Act of 1933 that imposes civil liability on persons who intentionally defraud investors by making misrepresentations or omissions of material facts in the registration statement.

(Multiple Choice)

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Question 22

Which of the following is true of exempt securities?

(Multiple Choice)

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Question 23

An issuer who plans on raising $1 million or less from the public must answer the questions on Form U-7, which then becomes the offering circular that must be given to prospective investors.

(True/False)

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Question 24

An investment contract is a flexible standard for defining a security.

(True/False)

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Question 25

Regulation A+ offerings can be sold without registration with the SEC only if an offering statement is provided prior to the purchase of the securities.

(True/False)

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Question 26

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

(True/False)

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Question 27

Utilities Inc. decided to go public with an initial public offering. It sold securities, some of which were bought by James Jefferson. Six months later, James sold the shares he had purchased to Martha Graham and Mark Franco. Two years later, James bought back these shares from Martha and Mark and made a profit out of both transactions. Who is the issuer in this scenario?

(Multiple Choice)

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Question 28

Which of the following constitutes insider trading?

(Multiple Choice)

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Question 29

Kickstarter and EquityNet are crowdfunding sites.

(True/False)

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Question 30

State securities laws are often referred to as ________.

(Multiple Choice)

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Question 31

Which of the following is true of registration statements?

(Multiple Choice)

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Question 32

Which of the following best defines short-swing profits?

(Multiple Choice)

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Question 33

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

(True/False)

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(72)

Question 34

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

(Multiple Choice)

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Question 35

The ________ coordinates state securities laws with federal securities laws.

(Multiple Choice)

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Question 36

The Securities Act of 1933 is a federal statute that primarily regulates the issue of securities by companies and other businesses.

(True/False)

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Question 37

Tier 1 of Regulation A+ permits an issuer to raise up to $10 in a 6-month period.

(True/False)

5.0/5

(75)

Question 38

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

(Multiple Choice)

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Question 39

What is insider trading? How is it regulated in the United States?

(Essay)

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Question 40

Showing 21 - 40 of 88

Exam 41: Investor Protection and E-Securities Transactions

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.

________ is a provision of the Securities Act of 1933 that imposes civil liability on persons who intentionally defraud investors by making misrepresentations or omissions of material facts in the registration statement.

Which of the following is true of exempt securities?

An issuer who plans on raising $1 million or less from the public must answer the questions on Form U-7, which then becomes the offering circular that must be given to prospective investors.

An investment contract is a flexible standard for defining a security.

Regulation A+ offerings can be sold without registration with the SEC only if an offering statement is provided prior to the purchase of the securities.

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

Which of the following constitutes insider trading?

Kickstarter and EquityNet are crowdfunding sites.

State securities laws are often referred to as ________.

Which of the following is true of registration statements?

Which of the following best defines short-swing profits?

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.

The ________ coordinates state securities laws with federal securities laws.

The Securities Act of 1933 is a federal statute that primarily regulates the issue of securities by companies and other businesses.

Tier 1 of Regulation A+ permits an issuer to raise up to $10 in a 6-month period.

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

What is insider trading? How is it regulated in the United States?

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