Which of the Following Is True of the Securities Litigation

question 78

Multiple Choice

Which of the following is true of the Securities Litigation Uniform Standards Act of 1998?

• A) It is a safe harbor from liability for companies that make statements to the public about future risk factors.
• B) It gives the Securities and Exchange Commission cease-and-desist powers and the power to impose substantial monetary penalties in administrative proceedings.
• C) It is an amendment to the Private Securities Litigation Reform Act of 1995.
• D) It sets national standards for securities class action lawsuits involving nationally traded securities.

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Definitions:

Daily Sandwich Sales

The number of sandwiches sold in a specific location or establishment over the span of one day.

Sandwich Shop

A food establishment specializing in the preparation and sale of sandwiches.

Moving Average

A method to smooth out data by creating a continually updated average price or value over a specific period.

Liquor Sales

The commercial activity of selling alcoholic beverages, especially spirits.