RegulationsCâu 45 / 110
The Securities Exchange Act of 1934 is best known for:
a.Requiring a prospectus for every new issue of securities
b.Creating the SEC and regulating the secondary market, broker-dealers, and exchanges
c.Defining the three classes of investment companies
d.Establishing IRA contribution limits
Giải thích
The 1934 Act created the SEC and gave it authority over trading markets, broker-dealer registration, reporting by public companies, and market manipulation. New-issue prospectus requirements belong to the 1933 Act, investment company classifications to the 1940 Act, and IRA rules to the Internal Revenue Code.
Trích dẫn luật: Securities Exchange Act of 1934Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Registration of a securities offering with the SEC means that:
- Which of the following is an exempt security under the Securities Act of 1933?
- During the cooling-off period for a registered offering, a representative may:
- Under the Investment Company Act of 1940, what portion of a registered fund's board must consist of directors who are not affiliated with the fund's adviser or underwriter?
- Before a newly formed open-end fund may offer shares to the public, the Investment Company Act of 1940 requires it to have:
- A fund's board wants to change the fund from a growth objective to an aggressive high-yield bond objective. This change requires:
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