The Second Circuit and Eleventh Circuit Courts of Appeal affirmed dismissal of securities fraud claims because the plaintiffs did not adequately plead scienter under the standard imposed by the Private Securities Litigation Reform Act of 1995. Scienter is defined as which of the following?

(a) The standard of reasonableness required of a prudent person in the management of his affairs
(b) An untrue statement of a material fact
(c) The intent to deceive, manipulate, or defraud
(d) The failure to maintain due diligence during the issuance of new securities known as an IPO


Ans: (d) The failure to maintain due diligence during the issuance of new securities known as an IPO

Economics

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The payment made by a bank to a depositor to use her money for lending to those in need of funds is referred to as the ________

A) dividend B) interest C) principal D) stock

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In economics, the entrepreneur is the person who

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During the fiscal expansion associated with the Vietnam war, what type of expenditures was initially "crowded out?"

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Economics