A Block Trade Is One Which Involves a Minimum of

question 46

Multiple Choice

A block trade is one which involves a minimum of

• A) 1,000 shares.
• B) 5,000 shares.
• C) 10,000 shares.
• D) 100,000 shares.
• E) 1,000,000 shares.

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Definitions:

Securities & Exchange Commission

A U.S. government agency responsible for enforcing federal securities laws, regulating the securities industry, and overseeing the nation's stock and options exchanges.

Generally Accepted Accounting Principles

The standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as GAAP.

Chief Financial Officer

A senior executive responsible for managing the financial actions of a company, including financial planning, management of financial risks, and financial reporting.

Corporation's Financial Statements

The formal records of a corporation's financial activities, including the balance sheet, income statement, and statement of cash flows.