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Tony is a salesperson dealing with a customer complaint. Tony's customer is asking for a resolution Tony knows is nonviable. Tony should:
Material Information
Any information that could influence an investor's decision to buy or sell securities, including details about a company's financial status, operations, and any legal issues.
Securities Litigation Uniform Standards Act of 1998
A federal law that limits the securities class action lawsuits in state courts, aiming to prevent forum shopping and inconsistent rulings.
Class Action Suits
Legal actions in which a group of people collectively bring a claim to court or in which a class action is brought against a defendant.
Sarbanes-Oxley Act of 2002
A U.S. law passed in response to financial scandals to protect investors by improving the accuracy and reliability of corporate disclosures.
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