57. Which of the following is true regarding uniform state regulation of securit

Question

57. Which of the following is true regarding uniform state regulation of securities? a. Federal law b. M . c. Many states have adopted the Proposed Uniform Trading Act. has entirely preempted the area, and there is no state regulation of securities. any states have adopted the Uniform Securities Act d. There is no proposed uniform act in regard to securities, and state regulation is inconsistent. 58. Which of the following is NOT true regarding the Sarbanes-Oxley Act? a. The Act mandates the composition and authority of audit committees at public companies. b. The Act prohibits personal loans to executives.

Explanation / Answer

57) The correct choice is b

Explanation:- The uniform securities act is a model legislation for all states in an effort to make each state's rules and regulation more uniform and easier to address.

58) The correct answer is b

Explanation:- The act allows personal loans to be given to executives under permitted circumstances and the loans cannot be more favorable than those offered to the public.

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