Which of the Following Statements Is True of Section 32(a)of

question 54

Multiple Choice

Which of the following statements is true of Section 32(a) of the Securities Exchange Act of 1934?

• A) This rule applies only to auditors.
• B) Insider trading falls within the purview of this section.
• C) A person guilty of violating Section 32(a) will be imprisoned regardless of his or her knowledge of the regulation violated.
• D) The SEC files criminal lawsuits against those willfully violated federal securities laws.

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Definitions:

Domestic Investment

Financial contributions toward assets and projects within one's own country, aimed at enhancing economic growth.

Law of One Price

The economic theory that states that in efficient markets, identical goods should have only one price.

Price Ceiling

A legal maximum on the price at which a good can be sold.

Exchange Rates

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another currency.