The Securities Exchange Act Makes It Illegal to Sell a Security

question 54

True/False

The Securities Exchange Act makes it illegal to sell a security on a national exchange unless a registration is effective for the security.

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Definitions:

Self-Determination Theory

A psychological theory of motivation that highlights the role of intrinsic motivation in personal development and psychological health.

McClelland's Affiliation Need

The desire to build relationships, feel part of a group, and be liked, which is one of the three social motives according to David McClelland's theory.

Maslow's Belongingness Need

A psychological requirement for human connection and relationships, considered a fundamental human need in Maslow's hierarchy.

Need for Achievement

A personality trait characterized by an enduring drive for success and the setting of high standards of performance.