The SEC May Sue Those Alleged to Be Violating Securities

question 431

Multiple Choice

The SEC may sue those alleged to be violating securities laws. Most SEC actions in these cases are:

• A) public and so expose the involved parties to publicity
• B) not public and so do not expose the involved parties to publicity
• C) only known to a few individuals
• D) generally kept quiet and rarely heard of by the public
• E) highly restricted

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Definitions:

Privacy

The state or condition of being free from unauthorized intrusion or disclosure of personal information.

Supreme Court

The highest federal court in the United States, holding ultimate appellate jurisdiction over all federal and state court cases involving issues of federal law.

Fundamental Rights

A group of rights that have been recognized by the Supreme Court as requiring a high degree of protection from government encroachment. These rights are specifically identified in the Constitution, especially in the Bill of Rights, or have been found under due process.

Takings Clause

The Fifth Amendment states that “private property [shall not] be taken for public use, without just compensation.” This clause has been incorporated within the Fourteenth Amendment due process, so it also applies to the states.