Examlex
Which of the following developments originated in Europe and became a global phenomenon within 250 years?
Private Securities Litigation Reform Act
A 1995 federal law that imposed several significant reforms on the process of bringing securities fraud lawsuits in order to reduce frivolous claims.
Auditor Liability
The legal responsibility of auditors for failing to detect and report inaccuracies or fraud in the financial statements they review.
SEC
Stands for the Securities and Exchange Commission, a U.S. government agency responsible for regulating the securities markets and protecting investors.
1934 Securities Act
U.S. legislation aimed at regulating the secondary securities market, requiring disclosure of material information related to securities transactions and aimed at combating fraud and manipulation.
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