Ch 41

Question 1

Blue sky laws

Answer 1

715
state securities laws

states laws that regulate the issuance and trading of securities
generally require the registration of certain securities, except registration and contain broad antifraud provisions

new york city

Question 2

due diligence defense (2)

Answer 2

703

a defense to a section 11 action that, if proven makes the defendant not liable.

Question 3

1933 and 1934 securities act

Answer 3

694

1933- a provision that imposes civil liability on persons who intentionally defraud investors by making misrepresentations or omissions of material facts in the registration statement or who are negligent for not discovering the fraud

Question 4

regulation of securities sales

Answer 4

694

Question 5

private placement

Answer 5

707-08

true- allows issuers to , they do not have to regirster

Question 6

securities and exchange commission

Answer 6

694-95
do not pass judgement- true

none of the above are correct

Question 7

registration statement

Answer 7

697
a document that an issuer of securities files with SEC and contains required information about the issuer, the securities to be issued and other relevant information.

usually become effective 20 business days after filed

Question 8

insider trading

Answer 8

710
rules apply to
all the above are correct

Question 9

saranes- oxley act

Answer 9

623, 638-39

all the above are correct

Question 10

short swing profits

Answer 10

714

6 months