Examlex
Which of the following statements is NOT true?
Misrepresentation
Misrepresentation refers to the act of providing false or misleading statements about a material fact, which someone relies on to their detriment in a contractual agreement.
Fraudulent Acts
Fraudulent acts involve intentional deception or misrepresentation made by a person or entity with the intent of gaining some unfair or dishonest advantage.
Over the Counter
Describes securities trading through a dealer network rather than on a centralized exchange, often for stocks that do not meet the requirements to be listed on major exchanges.
1934 Act
Refers to the Securities Exchange Act of 1934, which governs the trading of securities in the U.S., including the establishment of the SEC.
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