Which of the Following Is True of Section 24 of the Securities

question 42

Multiple Choice

Which of the following is true of Section 24 of the Securities Act of 1933?

• A) It imposes civil liability on any person who violates the provisions of Section 5 of the act.
• B) It imposes criminal liability on any person who willfully violates the 1933 act or the rules or regulations adopted.
• C) It imposes civil liability on persons who intentionally defraud investors by making misrepresentations of material facts in the registration statement.
• D) It exclusively regulates the sale of securities online.

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Definitions:

Cardinal Traits

The most pervasive and powerful human traits.

Functional Autonomy

The concept that motives in an adult are independent of the early experiences in which they originally appeared.

Perseverative Striving

Perseverative striving is the repeated and continuous effort towards a goal, even in the face of obstacles, frustration, or evidence that the goal may be unattainable.

Ego Dispositions

The habitual tendencies and attitudes of the ego that influence behavior and responses to the environment.