The federal statute that carries imprisonment as a penalty for trading securities on inside information is an example of a:
A)private law.
B)civil law.
C)procedural law.
D)criminal law.
E)all of the above

Question

Quizplus · Accepted Answer

The penalty of imprisonment suggests that the federal statute is related to criminal law, which deals with offenses against the state or society as a whole. The other options do not apply in this case: A) private law pertains to legal disputes between individuals or entities, B) civil law relates to non-criminal cases such as contract breaches or personal injury claims, and C) procedural law involves the rules and procedures for conducting legal proceedings. Thus, option D is the correct answer.

The Federal Statute That Carries Imprisonment as a Penalty for Trading