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The Securities Enforcement Remedies and Penny Stock Reform Act of 1990

question 67

True/False

The Securities Enforcement Remedies and Penny Stock Reform Act of 1990 granted the SEC the power to issue cease and desist orders.

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Definitions:

Maximum Loan

The highest amount of money that a lender is willing to lend to a borrower, determined by factors such as creditworthiness and collateral.

Life Policy

A contract with an insurance company that pays out a sum of money either on the death of the insured person or after a set period.

Insured

For life insurance, the person whose life is being insured; for other types of insurance, the person who receives the benefit of the insurance.

Semiannual Premiums

Insurance payments made twice a year as part of an insurance policy's terms.

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