Which of the Following Permits the SEC to Exempt Persons

question 64

Multiple Choice

Which of the following permits the SEC to exempt persons, securities, and transactions from securities regulations?

• A) The Sarbanes-Oxley Act of 2002
• B) The Securities Acts Amendments of 1990
• C) The Market Reform Act of 1990
• D) The Securities Enforcement Remedies and Penny Stock Reform Act of 1990
• E) The National Securities Markets Improvement Act of 1996

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Definitions:

Validating

The process of confirming the accuracy, truthfulness, or effectiveness of something through evidence or logical reasoning.

Descriptive

Relating to the detailed description of characteristics, actions, or events.

Conjunctive

describes tasks or conditions that require all parts or elements to be completed or met for successful execution.

Inappropriate

Unsuitable or not fitting within accepted norms or standards.