False Reports Are a Relatively Modern Occurrence

question 15

True/False

False reports are a relatively modern occurrence.

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Definitions:

Securities Act of 1933

A U.S. law enacted to ensure more transparency in financial statements so investors can make informed decisions about investments.

Securities Exchange Act of 1934

A U.S. federal law regulating the secondary trading of securities (stocks, bonds, and debentures) to protect investors against malpractice.

White-collar Crime

Non-violent crime committed typically by individuals in professional roles for financial gain, involving deceit or violation of trust.

Disclosure

Disclosure involves the act of making information or data known or public, especially information that was previously unknown or kept confidential.