The stock exchanges, such as the New York Stock Exchange, are self-regulating but are subject to SEC monitoring
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which of the following is least likely to be considered a mitigating circumstance?
A. Mental illness. B. Lack of a prior criminal history. C. Age. D. Sex.
What is a paradigm?
a. A pyramid b. Something in Egypt c. A model d. A unit of currency
Walter was the president of JKL, Inc JKL intended to purchase Target Co JKL's intent was not
public information, and when it became public, Target's stock would increase significantly in value. Walter bought no stock himself, but told his best friend of JKL's plan, and his friend bought 1,000 shares of Target Co Ten months later, when the merger was publicly announced, the friend sold Target's stock and made a large profit. Several stockholders of Target sue Walter and his friend under the provisions of the Securities Acts. What results? A) The friend has violated no law, because this nonpublic information is not considered material. B) The friend has violated no law, since the friend is not an insider. C) Walter has violated no law, since Walter did not purchase any stock. D) Both Walter and his friend have violated Rule 10b-5. E) Both Walter and his friend have violated the Securities Act of 1933.
Floyd tells his daughter Glenda that she can have his Harley Davidson when he dies, but he does not add this to his will. This is
A. a valid gift causa mortis. B. a valid gift inter vivos. C. a valid gift testamentary. D. not a valid gift.