What Law Gives the SEC a Basis for Prosecuting Insider

question 304

Multiple Choice

What law gives the SEC a basis for prosecuting insider trading?

• A) Securities Act of 1933
• B) Insider Trading Sanctions Act
• C) Merit Regulations Act
• D) Investment Advisers Act
• E) none of the other choices; these matters are governed by state law

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Definitions:

Nonhuman Animals

Living organisms that are not classified as human beings, including all species within the animal kingdom except Homo sapiens.

Cognitive Processes

Mental activities involved in acquiring, storing, retrieving, and using knowledge, such as perception, memory, and reasoning.

Tacit Knowledge

Knowledge that is difficult to transfer to another person by writing it down or verbalizing it, often acquired through personal experience.

Contextual Intelligence

The ability to understand the limits of our knowledge and to adapt that knowledge to an environment different from the one in which it was developed.