In Securities Law,which of the Following Is (Are)true

question 31

Multiple Choice

In securities law,which of the following is (are) true?

• A)ignorance is no defense
• B)security regulators may alter your investment agreement to the benefit of the investors
• C)Securities Act of 1933 gives the SEC broad civil procedures to use in enforcement
• D)Securities Act of 1933 gives the SEC some criminal procedures to use in enforcement
• E)a,b,and c above
• F)a,b,c,and d above

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Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the name of the payer and payee.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Banker's Acceptance

A short-term debt instrument issued by a company that is guaranteed by a commercial bank.

Bills Of Exchange Act

Legislation that governs the creation, transfer, and payment of bills of exchange, a type of negotiable instrument.