Which of the Following Is True of the Securities Litigation

question 78

Multiple Choice

Which of the following is true of the Securities Litigation Uniform Standards Act of 1998?

• A) It is a safe harbor from liability for companies that make statements to the public about future risk factors.
• B) It gives the Securities and Exchange Commission cease-and-desist powers and the power to impose substantial monetary penalties in administrative proceedings.
• C) It is an amendment to the Private Securities Litigation Reform Act of 1995.
• D) It sets national standards for securities class action lawsuits involving nationally traded securities.

---

Definitions:

Straight A Student

A student who achieves the highest possible grades in all their courses.

Strict Parents

Parents who enforce rigid rules and demand high levels of obedience from their children, often employing stricter disciplinary measures.

Great Marriage

A profound and fulfilling long-term relationship between partners who are committed to each other's happiness and growth.

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.