The Securities Enforcement Remedies and Penny Stock Reform Act of 1990

question 56

Multiple Choice

The Securities Enforcement Remedies and Penny Stock Reform Act of 1990 granted the SEC power:

• A) to issue cease-and-desist orders.
• B) to impose civil penalties up to $1,000,000.
• C) to bring civil actions for specified violations of the 1934 Act against aiders and abettors.
• D) All of these.

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Definitions:

Demand Curve

A graph representing the quantity of a good that consumers are willing and able to purchase at various prices.

Non-discriminating Monopolist

A monopolist who charges a single price for all units of output sold, unlike price-discriminating monopolists who charge different prices.

Marginal Revenue

It refers to the additional income earned from selling one more unit of a good or service.

Demand Schedule

A table that lists the quantity of a good or service that consumers are willing to buy at various prices.