1)Sarbanes-Oxley limits personal loans from a company to its executives to one l
ID: 2495620 • Letter: 1
Question
1)Sarbanes-Oxley limits personal loans from a company to its executives to one loan of no more than $10,000, amortized over five years, at a time. true or false
2)
Under the 1933 Act, proof of intentional violation is usually required to impose:
3)
The damages of a defrauded purchaser of securities:
include speculative damages.
4)
The Securities Enforcement Remedies Act:
5)
The regulation of securities began as a program to:
A. criminal sanctions only. B. criminal or civil sanctions. C. criminal and pragmatic sanctions. D. criminal, civil, and equitable (injunctive) sanctions. E. pragmatic sanctions.Explanation / Answer
1) False
This act prohibits giving personal loans to directors and executives
2) B
Under 1933 act only civil liability can be claimed, Later on extension of anti-fraud provisons of 1934 were made and could go ahead with criminal charges
3) B
Punitive charges can be claimed, Many class actions suits gets awarded higher compensation
4) A
The SEC after this act in 1990 can stop some incompetent person from becoming director of company
5) C
The regulation of securities started in 1930 during great depression in effort to get america out of recession.
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