Which One of the Following Is Not True of Section

question 26

Multiple Choice

Which one of the following is not true of Section 18 of the 1934 Securities Exchange Act?

• A) allows recovery for simple negligence
• B) requires the person sued to prove they acted in good faith
• C) allows both buyers and sellers of the securities to recover
• D) does not normally apply to annual reports issued to shareholders
• E) plaintiff must be either a buyer or seller of the security

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Definitions:

Chaparral Biome

A biome characterized by dense, evergreen shrubs and small trees, Mediterranean climate with wet winters and dry summers, and frequent wildfires.

Grasses

A family of plants characterized by long, slender leaves and seed-bearing florets; commonly found in meadows and cultivated lawns.

Biogeographical Realms

Large spatial regions of the Earth's surface, each containing characteristic and distinct communities of plants and animals.

American Kangaroo Rat

A small rodent native to North America, known for its long leaps similar to those of kangaroos.