One Outcome from the SEC Investigation of the "Flash Crash

question 41

Multiple Choice

One outcome from the SEC investigation of the "Flash Crash of 2010" was

• A) a prohibition of short selling.
• B) higher margin requirements.
• C) approval of new circuit breakers.
• D) establishment of electronic communications networks (ECNs).
• E) passage of the Sarbanes-Oxley Act.

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Definitions:

Unassigned

Refers to resources or tasks that have not been allocated or designated to a specific category, department, or individual.

Encumbrances Outstanding

Liens or claims against property or assets that are unresolved or have not been paid off, affecting an owner's ability to transfer a clear title.

Modified Accrual Basis

An accounting method that combines elements of the accrual basis and cash basis accounting, recognizing revenues when they are available and measurable, and expenses when incurred.

Purchase Orders

Official documents issued by a buyer committing to pay the seller for the supply of specific products or services at agreed prices and terms.