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What Is the Primary Reason That Congress Passed the Securities

Question 43

Multiple Choice

What is the primary reason that Congress passed the Securities Litigation Uniform Standards Act of 1998?


A) To overturn the Private Securities Litigation Reform Act of 1995.
B) As a result of concerns that plaintiff attorneys could get around the Private Securities Litigation Reform Act of 1995 by filing class action lawsuits involving nationally traded securities in state courts.
C) To provide for joint and several liability rather than proportionate liability.
D) To ensure that all publicly-held companies receive similar audits.

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