Under Strict Liability,a Defendant Can Be Guilty of a Crime

question 51

True/False

Under strict liability,a defendant can be guilty of a crime regardless of his or her state of mind.

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Definitions:

Dodd-Frank

Refers to the Dodd-Frank Wall Street Reform and Consumer Protection Act, a comprehensive piece of financial reforms passed in 2010 in response to the 2008 financial crisis.

Swap Transactions

Financial agreements between parties to exchange cash flows or other financial instruments for a set period.

Derivatives

Financial instruments whose value is based on the price movements of an underlying asset, such as stocks, bonds, or commodities.

SEC

The U.S. Securities and Exchange Commission, an agency that oversees and regulates the securities industry and protects investors by ensuring that the securities markets operate fairly and transparently.