The Provisions of Section 17(a) of the 1933 Act

question 76

Multiple Choice

The provisions of Section 17(a) of the 1933 Act:

• A) primarily allow for a private right of action for persons injured by the act.
• B) make it unlawful to engage in any transaction, practice, or course of business that operates as deceit upon the issuer.
• C) make it unlawful in the offer or sale of any securities to obtain property by any statement that omits a material fact without which the information is misleading.
• D) None of these.

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Definitions:

Public Networks

Networks that provide an infrastructure for public communication and access, such as the internet or public Wi-Fi networks.

Brand Socialization

The process through which individuals learn about and become familiar with a brand's values, identity, and products.

Online Stakeholders

Individuals or groups with an interest or concern in an organization or project, who interact or engage through digital platforms.

Mutually Beneficial Exchange

An exchange that is advantageous to both parties involved.