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The Conversion (Misappropriation) of Property or Money with Which One

question 40

True/False

The conversion (misappropriation) of property or money with which one is entrusted or for which one has a fiduciary responsibility is called embezzlement.


Definitions:

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Registration

The act of officially recording or enrolling someone or something with a specific authority or database, often required for legal recognition or protection.

Safe Harbor

Legal provisions that protect parties from liability or penalties under specific conditions if they act in good faith.

Private Securities Litigation Reform Act

A 1995 U.S. law that aims to reduce frivolous or unnecessary securities lawsuits through various procedural and substantive changes.

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