Under the Securities Act of 1933, Liability Is Imposed for Improper

question 10

Multiple Choice

Under the Securities Act of 1933, liability is imposed for improper offers and sales when:

• A) a person sells his securities to another private party without notifying the Securities and Exchange Commission.
• B) a person offers or sells unregistered and nonexempt securities in violation of the Act.
• C) the investor finds that the registration statement for the security contained an untrue statement.
• D) the issuer inadvertently omits a few material facts in the registration statement.

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Definitions:

Stereochemical Relationship

Stereochemical relationship refers to the spatial orientation and arrangement of atoms or groups within molecules, determining their stereochemistry.

Diastereomers

Stereoisomers that are not mirror images of each other, having two or more stereocenters.

Optical Activity

The property of chiral molecules to rotate plane-polarized light, a phenomenon measured using polarimetry.

Enantiomer

Molecules that are mirror images of each other but cannot be overlaid onto each other, much like left and right hands.