What was the purpose of the Securities Exchange Act of 1934?
What will be an ideal response?
The purpose of the Securities Exchange Act of 1934 was to regulate the trading of previously issued securities through brokers and exchanges. The Act created the SEC and empowered it to: (i) require reporting by publicly owned companies; and (ii) require registration of securities, security exchanges, and certain brokers and dealers of securities. The purpose of the Act is to also prohibit fraudulent and unfair behavior such as sales practice abuses and insider trading.
You might also like to view...
When making a routine request, what should the writer do in the body of the message?
A) Put the most important request at the end. B) Explain and justify the request. C) Address all topics in one question. D) Offer apologies for any inconvenience caused. E) Include contact information.
Which of the following is NOT an advantage of using computer-assisted personal interviewing to collect research data?
A) good response rate B) low cost C) low potential for interviewer bias D) good for physical stimuli E) very good control of environment
William Robinson is the coach of a high school baseball team. His team is one win away from a perfect season. Coach Robinson has informed the team that if they lose this last game they will each have to do 100 push-ups and run 5 miles after the game. He has warned them that if they lose and someone does not comply, then he will not participate in the playoffs. What type of power is Coach Robinson using?
a. coercive b. reward c. expert d. personal
The Dodd-Frank Act requires that every year publicly held companies include a provision in proxy statements for a binding shareholder vote on executive compensation
a. True b. False Indicate whether the statement is true or false