The 1934 Act Is Primarily Intended To

question 17

Multiple Choice

The 1934 Act is primarily intended to:

• A) maintain the integrity of the secondary market for securities.
• B) make sure companies who wish to raise money by the sale of securities comply with disclosure requirements for the initial offering.
• C) coordinate federal and state laws with a primary emphasis on allowing the individual states to maintain primary control over securities law.
• D) All the above are correct.

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Definitions:

Scope Of Employment

relates to actions taken or tasks performed by an employee that fall within the duties and responsibilities of their job, and for which an employer may be legally responsible.

Real Estate Broker

A licensed professional who arranges real estate transactions, acting as an intermediary between buyers and sellers.

Purportedly

Refers to something claimed to be true or to have happened, often without proof.

Nonpayment

The failure to fulfill a financial obligation or to settle a debt within the stipulated time.