Which of the Following Actions Can the SEC Take If

question 5

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:

Financial Information

encompasses data related to the monetary aspects of an individual or organization, such as assets, liabilities, income, and expenses.

Securities Act

A federal law enacted in 1933 that governs the primary issuance of securities (stocks, bonds) to the public, aiming to ensure transparency and prevent fraud in the securities market.

Accredited Investors

Individuals or entities that meet certain financial criteria, allowing them to invest in securities not registered with financial authorities.

Sophisticated Investors

Individuals or entities with significant experience, assets, and knowledge, enabling them to assess investment risks and opportunities.