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.

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Definitions:

Fault Code

A condition failure code logged to computer memory and often broadcast onto the vehicle data bus. Classified as active or historic/inactive, fault codes are assigned one of twelve failure mode indicators (FMIs) for purposes of diagnosing system conditions and recording to audit trails.

Ignition Key

A key used to start a vehicle's engine by engaging the ignition system.

Gear Select Sensor

A device in a vehicle's transmission system that detects the position of the gear lever and sends signals accordingly to the transmission control module.

Rail Shaft

A long, cylindrical component that serves as a guide or support for moving parts, commonly used in machinery and equipment to ensure precise linear motion.