Which of the following is true of Section 24 of the Securities Act of 1933?
A) It imposes civil liability on any person who violates Section 5 of the act.
B) It imposes criminal liability on any person who willfully violates either the act or the rules and regulations adopted thereunder.
C) It imposes civil liability on a person who intentionally defrauds investors by making a misrepresentation of a material fact in a registration statement.
D) It exclusively regulates the sale of securities online.
Correct Answer:
Verified
Q33: The issuer is permitted to assert a
Q57: Defendants cannot assert a due diligence defense
Q58: Section 12 of the Securities Act of
Q66: What is insider trading? How is it
Q78: A tipper cannot be held liable for
Q86: Which of the following is true of
Q86: "Blue-sky" laws are state laws that regulate
Q87: A 10 percent shareholder of an equity
Q92: _ is a provision of the Securities
Q94: When a company employee makes a profit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents