The Securities Enforcement Remedies and Penny Stock Reform Act of 1990

question 84

Multiple Choice

The Securities Enforcement Remedies and Penny Stock Reform Act of 1990 granted the SEC power to:

• A) issue cease-and-desist orders.
• B) impose civil penalties up to $850,000.
• C) bring civil actions for specified violations of the 1934 Act against aiders and abettors.
• D) All of these.

---

Definitions:

Quarter

One fourth of a given quantity, often referring to a quarter of a year or a quarter of an hour (15 minutes).

Percent Decrease

A measure of how much a quantity has decreased in percentage terms compared to its previous value.

Percent Increase

The process of determining the ratio of the increase in a quantity to the original amount, expressed as a percentage.

Stock Value

The price of a single share of a company's stock, representing ownership in the company and its potential profitability.