Which of the Following Actions Can the SEC Take If

question 162

Multiple Choice

Which of the following actions can the SEC take if there is a violation of Section 14 on proxy solicitation?

• A)an injunction preventing the vote with the proxies
• B)"unwinding" the election results
• C)order reimbursement of costs for second solicitation by the party who violated Section 14
• D)The SEC can take any of the above actions.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members. It can be issued in various forms, such as cash payment, stocks, or other forms.

Tax Deductible

Expenses that can be subtracted from gross income to reduce the taxable income, potentially lowering overall tax liability.

Net After-Tax Income

The amount of income that remains for a business or individual after all taxes have been deducted from total revenues.

Total Assets

The sum of all assets owned by a company, including both current and non-current assets, indicating the total resources at its disposal.