Which of the Following Legislations Makes It a Criminal Offense

question 56

Multiple Choice

Which of the following legislations makes it a criminal offense to willfully make any untrue statement of material fact in a registration statement filed with the SEC?

• A) Section 24 of the Securities Act of 1933
• B) Tax Reform Act of 1976
• C) Private Securities Litigation Reform Act of 1995
• D) Section 10(b) of the Securities Exchange Act of 1934

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Definitions:

Markdown

A reduction in the selling price of goods, typically to clear old stock or attract customers.

Breakeven

The point at which costs or expenses and income are equal, and there is no net loss or gain.

Mark-up

The amount added to the cost price of goods to cover overhead and profit; a percentage of the cost price.

Breakeven

A financial situation where revenue equals costs, resulting in neither profit nor loss.