What Does the Private Securities Litigation Reform Act's Safe Harbor

question 64

Multiple Choice

What does the Private Securities Litigation Reform Act's safe harbor provision do?

• A)Eliminates director and officer liability under Section 11
• B)Eliminates auditors' liability under Section 11
• C)Provides liability protection for income predictions in the registration statement
• D)All of the above

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Definitions:

Foreign Corrupt Practices Act

A United States law that prohibits American companies and individuals from bribing foreign government officials to benefit their business operations.

International Anti-Dumping

Measures and agreements designed to prevent companies from exporting goods at prices lower than their home market prices, which can harm the importing country's industries.

Fair Competition Act

Legislation aimed at ensuring a level playing field among businesses by preventing monopolies and promoting healthy competition.

Traditions

Customs or beliefs passed from generation to generation, often forming an integral part of a culture or community identity.