Ch 41 Flashcards Preview

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Flashcards in Ch 41 Deck (10)
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1
Q

Blue sky laws

A

715
state securities laws

states laws that regulate the issuance and trading of securities
generally require the registration of certain securities, except registration and contain broad antifraud provisions

new york city

2
Q

due diligence defense (2)

A

703

a defense to a section 11 action that, if proven makes the defendant not liable.

3
Q

1933 and 1934 securities act

A

694

1933- a provision that imposes civil liability on persons who intentionally defraud investors by making misrepresentations or omissions of material facts in the registration statement or who are negligent for not discovering the fraud

4
Q

regulation of securities sales

A

694

5
Q

private placement

A

707-08

true- allows issuers to , they do not have to regirster

6
Q

securities and exchange commission

A

694-95
do not pass judgement- true

none of the above are correct

7
Q

registration statement

A

697
a document that an issuer of securities files with SEC and contains required information about the issuer, the securities to be issued and other relevant information.

usually become effective 20 business days after filed

8
Q

insider trading

A

710
rules apply to
all the above are correct

9
Q

saranes- oxley act

A

623, 638-39

all the above are correct

10
Q

short swing profits

A

714

6 months