The Securities and Exchange Commission's (SEC's)adoption of Rules and Regulations

question 43

Multiple Choice

The Securities and Exchange Commission's (SEC's) adoption of rules and regulations relating to financial and other information furnished to the Commission comes under its ______ power.

• A) quasi-judicial
• B) federal
• C) quasi-executive
• D) quasi-legislative
• E) bargaining

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Definitions:

Cohen v. Mirage Resorts, Inc.

A legal case that addresses issues related to securities law, potentially involving aspects of shareholder rights or corporate governance.

Dissenting Shareholder

A shareholder who disagrees with the direction or decision of the majority of the company's management or the outcome of a vote and formally records their dissent.

Derivative Suit

A lawsuit brought by a company shareholder on behalf of the corporation against a third party, often the company's executives or directors, for allegedly harming the company.

RMBCA

The Revised Model Business Corporation Act, a set of model laws prepared by the American Bar Association to provide a standard for the governance of business corporations in the United States.