Business Law Today Comprehensive Study Set 1

Business

Quiz 37 :
Investor Protection,insider Trading, Corp Gov

Quiz 37 :
Investor Protection,insider Trading, Corp Gov

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The least common forms of securities are bonds issued by corporations.
Free
True False
Answer:

Answer:

False

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A registration statement must include a financial statement certified by an independent public accounting firm.
Free
True False
Answer:

Answer:

True

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A free-writing prospectus may be used before the Securities and Exchange Commission completes its review of a related registration statement.
Free
True False
Answer:

Answer:

True

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A registration statement must state how a corporation plans to use the proceeds from the sale of the securities.
True False
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Before filing a registration statement,an issuer must attempt to sell,or at least offer to sell,the securities.
True False
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Sales of securities must occur within twenty days of registration.
True False
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A corporation whose security does not qualify for an exemption can avoid the cost and complexity associated with registration.
True False
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Generally,stock offerings that involve a small dollar amount are not exempt from the registration requirement.
True False
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Generally,stock offerings that are made in a limited manner during any twelve-month period are not exempt from the registration requirement.
True False
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Securities of charitable organizations are exempt from the registration requirement of the 1933 Securities Act.
True False
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Private offerings of securities in unlimited amounts can never be exempt from the registration requirement of the Securities Act of 1933.
True False
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Most securities can be resold without registration.
True False
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Securities that are exempt from the registration requirement can generally be sold and resold without being registered.
True False
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Willful violations of the Securities Act of 1933 may be subject to criminal prosecution.
True False
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Against a charge of a violation of the Securities Act of 1933,only an issuer of stock can assert the due diligence defense.
True False
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Private parties cannot sue violators of the Securities Act of 1933.
True False
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Any corporation with more than $10 million in assets and five hundred or more shareholders must register their securities with the Securities and Exchange Commission.
True False
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Section 10(b)of the Securities Exchange Act of 1934 covers only corporate officers and directors.
True False
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SEC Rule 10b-5 applies in relatively few cases involving the trading of securities.
True False
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The Securities Exchange Act of 1934 provides for continuous,periodic disclosures by publicly held corporations.
True False
Answer:
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