47. Protecting the public from investing in corporations that never intended to

Question

47.                             Protecting the public from investing in corporations that never intended to do business is one of the purposes of the Securities Act of 1933.

a.              True

b.              False

48.                             The primary mechanism by which a corporation distributes a new security is called indemnification.

a.              True

b.              False

49.                             The SEC interprets the term "security" broadly so that it applies to a wide variety of corporate offenders.

a.              True

b.              False

50.                             A corporation’s registration statement does not include information about the financial condition of the corporation.

a.              True

b.              False

Explanation / Answer

47.                             Protecting the public from investing in corporations that never intended to do business is one of the purposes of the Securities Act of 1933.

a.              True

b.              False

48.                             The primary mechanism by which a corporation distributes a new security is called indemnification.

a.              True

b.              False

49.                             The SEC interprets the term "security" broadly so that it applies to a wide variety of corporate offenders.

a.              True

b.              False

50.                             A corporation’s registration statement does not include information about the financial condition of the corporation.

a.              True

b.              False

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