The SEC Has Accused the Acme Company of Fraud in Connection

question 15

Essay

The SEC has accused the Acme Company of fraud in connection with the sale of its securities to American citizens. Although the firm is American-owned, it is located in Switzerland. All of the accounts and business records of the firm are in several Swiss banks. The SEC has been actively pursuing the case, although it has not been able to provide a great deal of hope for those victimized by the fraud. What factors are probably hindering the SEC, and how might this be handled?

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Definitions:

Situational Influences

External factors or circumstances that affect an individual's behavior, decisions, or feelings.

Locus of Control

A psychological concept referring to individuals’ beliefs about the extent to which the outcomes of their actions are under their own control or are influenced by external factors.

Medical School

An educational institution or part of such an institution that teaches medicine, and awards a professional degree for physicians and surgeons.

Successful

Achieving one's aims or attaining prosperity, fame, or a desired result.