The 1934 Act Is Primarily Intended to

question 20

Multiple Choice

The 1934 Act is primarily intended to

• A)maintain the integrity of the secondary market for securities.
• B)make sure companies who wish to raise money by the sale of securities comply with disclosure requirements for the initial offering.
• C)coordinate federal and state laws with a primary emphasis on allowing the individual states to maintain primary control over securities law.
• D)broaden the SEC's enforcement power.

Understand the implications of a corporation's citizenship and legal status.

Recognize the legal requirements and consequences regarding corporate bylaws, property, and liability.

Learn about special corporate forms and provisions under U.S. law, such as Subchapter S corporations and benefit corporations.

Understand the basic concepts and terminology related to files in C programming, including the distinction between data and program files.