Examlex
Choose the answer which best rewords the italicized portion. If you think the original wording is best, choose option A.
In 1969, the United Nations reported that there was a possibility of large oil reserves in the East China Sea near the islands location.
Rule 10b-5
A regulation under the Securities Exchange Act of 1934 that prohibits any act or omission resulting in fraud or deceit in connection with the sale or purchase of any security.
Securities Exchange Act
Also known as the Securities Exchange Act of 1934, it regulates the trading of securities in the U.S. and established the Securities and Exchange Commission (SEC).
Financial Statements
are formal records of the financial activities and condition of a business, person, or other entity.
Due Diligence Defense
A legal strategy where the defendant shows that reasonable actions were taken to avoid causing harm, used as a defense in civil litigation and regulatory compliance.
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