The Securities Act of 1933 Did Not

question 38

Multiple Choice

The Securities Act of 1933 did not

• A) require that all securities sold in more than one state be registered with the SEC.
• B) hold corporate officers liable for losses for those who were misled by false information in the prospectus.
• C) set guidelines for insiders who trade in the securities of their own firm.
• D) require a prospectus for all new issues of securities, which contains all information appearing in the registration statement.

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Definitions:

Authority

The power or right to give orders, make decisions, and enforce obedience, often within a specific context such as an organization or institution.

Influence

The power to affect or change behavior, opinions, or the course of events through direct actions or persuasions.

Control

The ability to shape or control the actions of others or the progression of events.

Extrinsic Rewards

Benefits and/or rewards that come from an external source, such as money, promotions, or praise.