Liability for Misstatements by Corporate Executives Can Be Imposed If

question 328

True/False

Liability for misstatements by corporate executives can be imposed if the executives fail to tell some fact that they should have disclosed to help investors avoid losing money.

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Definitions:

Hamilton

Hamilton is most commonly associated with Alexander Hamilton, one of the Founding Fathers of the United States, known for his role in drafting the Constitution and as the first Secretary of the Treasury.

IRS

The Internal Revenue Service, a U.S. government agency responsible for tax collection and tax law enforcement.

Business Days

Refers to the standard days in a week (excluding weekends and public holidays) considered as working days for conducting business.

Deposit

A sum of money placed in an account or given as security for a financial transaction or agreement.