Which of the Following Is not Correct Relating to the Private

question 16

Multiple Choice

Which of the following is not correct relating to the Private Securities Litigation Reform Act of 1995?

• A)It provides certain small investors better recovery rights than it does large investors.
• B)It retains joint and several liability in certain circumstances.
• C)It makes recovery against CPAs more difficult under common law litigation.
• D)It eliminates securities fraud as an offense under civil RICO.

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Definitions:

Inconvenience

A cause of trouble or difficulty that often results in discomfort or annoyance.

Apology

An expression of regret or sorrow for wrongs or offenses committed.

Justification

Providing valid reasons or evidence to support an action or decision.

Demanding Tone

A communication style that forcefully asks or directs others to fulfill certain requirements or tasks.