Section 14(e) of the Securities Act of 1934 Makes It

question 34

Multiple Choice

Section 14(e) of the Securities Act of 1934 makes it unlawful for any person to:

• A) make any untrue statement of material fact in connection with any tender offer, even if the target company is not subject to the 1934 Act's reporting requirements.
• B) omit to state any material fact in connection with a tender offer.
• C) engage in any fraudulent, deceptive, or manipulative practices in connection with any tender offer.
• D) All of these.

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Definitions:

Full Faith and Credit Clause

A clause in the U.S. Constitution requiring each state to recognize and honor the public acts, records, and judicial proceedings of every other state.

Commerce Clause

A provision in the United States Constitution giving Congress the power to regulate commerce with foreign nations, and among the several states.

Preemption Doctrine

The principle that federal law can supersede or override state law in areas expressly reserved for federal regulation or where there is a conflict.

Sales Tax

A tax imposed by governments on sales transactions, typically calculated as a percentage of the sale price of goods and services.