The U.S. CAN-SPAM Act of 2003

question 24

Multiple Choice

The U.S. CAN-SPAM Act of 2003

• A) makes spamming illegal.
• B) requires spammers to identify themselves.
• C) has dramatically cut down spamming.
• D) does not override state anti-spamming laws.

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Definitions:

Prospectus

A description of the firm and the security it is issuing.

Registration Statement

A legal document filed with the relevant regulatory authority that provides essential details about a company's finances, executives, and the securities it intends to issue to the public.

Limit-Sell Order

An order given to a broker to sell a specified quantity of a security at or above a specified price, ensuring the seller does not receive less than a predetermined price.

Program Trade

A set of stock transactions that involves the buying or selling of a large number of stocks simultaneously, often executed by computers to achieve specific investment objectives.