Under the Securities Act of 1933, Liability Is Imposed for Improper

question 10

Multiple Choice

Under the Securities Act of 1933, liability is imposed for improper offers and sales when:

• A) a person sells his securities to another private party without notifying the Securities and Exchange Commission.
• B) a person offers or sells unregistered and nonexempt securities in violation of the Act.
• C) the investor finds that the registration statement for the security contained an untrue statement.
• D) the issuer inadvertently omits a few material facts in the registration statement.

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Definitions:

Currency Depreciation

A decrease in the value of one currency relative to another currency in the foreign exchange market.

Foreign Exchange Market

A global trading space for the exchange of different countries' currencies.

Imports

Goods or services brought into one country from another for sale, often subject to tariffs, quotas, and trade agreements.

Supply of British Pounds

The total amount of British currency that is available for transactions or investment at any given time.