Which of the Following Is True of Section 24 of the Securities

question 42

Multiple Choice

Which of the following is true of Section 24 of the Securities Act of 1933?

• A) It imposes civil liability on any person who violates the provisions of Section 5 of the act.
• B) It imposes criminal liability on any person who willfully violates the 1933 act or the rules or regulations adopted.
• C) It imposes civil liability on persons who intentionally defraud investors by making misrepresentations of material facts in the registration statement.
• D) It exclusively regulates the sale of securities online.

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Definitions:

Carrying Amount

The value at which an asset is recognized on the balance sheet after deducting any accumulated depreciation or amortization.

Relevance

The importance or pertinence of something in relation to a specific matter or context.

Decision Making

The process of selecting the best alternative from several options to achieve a specific goal.

Irrelevant Information

Information that does not impact decision-making in a current context.