Which of the following is true of the Securities Litigation Uniform Standards Act of 1998?
A) It is a safe harbor from liability for companies that make statements to the public about future risk factors.
B) It gives the Securities and Exchange Commission cease-and-desist powers and the power to impose substantial monetary penalties in administrative proceedings.
C) It is an amendment to the Private Securities Litigation Reform Act of 1995.
D) It sets national standards for securities class action lawsuits involving nationally traded securities.

Question

Quizplus · Accepted Answer

The Securities Litigation Uniform Standards Act of 1998 sets national standards for securities class action lawsuits involving nationally traded securities. It does not provide a safe harbor for companies, give new powers to the SEC, or amend the Private Securities Litigation Reform Act of 1995.

Which of the Following Is True of the Securities Litigation