The ____ Regulates Trading in Existing Securities and Imposes Disclosure

question 301

Multiple Choice

The ____ regulates trading in existing securities and imposes disclosure requirements on corporations that have issued publicly held securities.

• A) Security Stability Act of 1933
• B) Securities Exchange Act of 1934
• C) Financial Security Act of 1935
• D) Security Representation Act of 1933
• E) none of the other choices are correct

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Definitions:

General Partner

An owner of a partnership who has unlimited liability and is active in managing the business.

LLLP

Stands for Limited Liability Limited Partnership, a form of partnership that provides all its partners with limited liability protections.

Federal Income Tax

A tax levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership with the limited liability of a corporation.