The Securities Enforcement Remedies Act

question 40

Multiple Choice

The Securities Enforcement Remedies Act:

• A) allows for the prohibition of an individual's service as an officer or director of a business organization.
• B) created the SEC.
• C) changes membership requirements of corporate audit committees.
• D) requires proof of criminal violation for individual and organizational fines to be imposed.
• E) refrains from imposing liability on a theory of fraud on any person who shall make or cause to be made any false or misleading statements.

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Definitions:

Contraries

Statements or propositions that cannot both be true at the same time, but can both be false.

Contradictories

Statements that cannot both be true at the same time and under the same circumstances.

Contraries

Statements, concepts, or propositions that cannot both be true at the same time, but can both be false.

Subcontraries

In traditional logic, propositions that cannot both be false but can both be true, specific within the square of opposition.