Section 24 of the Securities Act of 1933 imposes criminal liability on any person who willfully
violates the Securities Act of 1933 or the rules or regulations adopted thereunder.
Indicate whether the statement is true or false
TRUE
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All of the following are potential advantages of retention EXCEPT
A) lower expenses. B) increased cash flow. C) encouragement of loss prevention. D) protection from catastrophic losses.
In Dole v. Carter, the court considered Senator Robert Dole's complaint that the president be enjoined from returning the Hungarian coronation regalia to Hungary. The court: A) dismissed the case because it was not "ripe" for adjudication
B) enjoined the president from ordering the return of the crown until a formal treaty could be ratified by Congress. C) determined that under existing protocols with Hungary, the crown could not be returned until the year 2000. D) considered the executive agreement to be in accord with an earlier treaty between Hungary and the U.S. E)considered the president's agreement to return the crown as validly done pursuant to the president's inherent constitutional authority (as an "executive agreement").
When a merger between two competitor firms is challenged, a strong defense would be that the merger will:
a. enhance international competition b. protect a firm from bankruptcy c. not lead to domination of the national geographic market d. not lead to domination of the national product market e. all of the other choices
Identify which of the following statements is true.
A) The Fisher Partnership is owned equally by four individual partners. Two of the partners have fiscal years ending March 31 and two partners have fiscal years ending June 30. The partnership has a natural business year. The partnership must adopt a calendar year for tax reporting purposes unless a Sec. 444 election is made. B) Partnerships make most of the tax elections for the partnership rather than the partners. C) A partner can elect the depreciation method to be applied to the partner's share of the partnership's depreciable assets. D) All of the above are false.