77. Which of the following activities are NOT regulated by the 1934 Act? a. Prim
ID: 2440638 • Letter: 7
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77. Which of the following activities are NOT regulated by the 1934 Act? a. Primary securities sales b. Proxy solicitations c. Insider trading d. Tender offers 78. If an issuer wanted to raise $100 million, and offer her company's securities to no more than 35 unaccredited investors and an unlimited number of accredited investors, she would choose to exempt her offering under the exemption a. Rule 506 b. Rule 504 c. Rule 505 d. Private Placement 79. To which of the following is an entrepreneur likely referring when using the term "angel" in reference to an investment plan? a. An investment banker b. A venture capitalist c. Lenders of last resort who provide needed funds once it appears that an entrepreneur who has started a company is in financial trouble d. Family, friends, and wealthy individual investors to whom the entrepreneur first turns to seek funds 80. Which of the following may be sued under Section 11 of the Securities Act of 1933, which provides a remedy for a person who purchases a security pursuant to a misleading registration statement? a. The underwriters. b. Persons who gave their consent to be named in the registration statement as future directors. c. Both underwriters and persons who gave their consent to be named in the registration statement as future directors. d. Any officer as well as underwriters and persons who gave their consent to be named in the registration statement as future directors.. 81. Which of the following was passed in 2010 and represents the most sweeping reform of U.S. financial markets since the Great Depression? a. The Laughlin-Glover Investor and Financial Reconciliation Act b. The Mallicoat-Whaley Consumer and Investor Securities Protection Act c. The Dodd-Frank Wall Street Reform and Consumer Protection Act d. The Barnhill-Obama Wall Street Investors Reconciliation ActExplanation / Answer
Q77). ANS-------The 1934 act also regulates proxy solicitation, which is information that must be given to a corporation's shareholders as a prerequisite to soliciting votes.
Insider trading is also include in the 1934 act under section 16 of 1943. Where an insider is anyone who own more than 10 % of any security or as director or an officer of the issue of the security.
Tenders offers is also included in the 1943 act. Where Under the Securities Exchange Act of 1934, parties who will own more than five percent of a class of the company's securities after making a tender offer for securities registered under the Exchange Act must file a Schedule TO with the SEC.
Thus the primary securities which are not included in the 1934 act.
Therefore the options (A) is the correct answer.
Q78). ANS------ the options (A) is the correct answer that is RULE 506
Q79). Ans-------- As an angel investor is refers to which investor is a person who invests in highly risky companies, typically before those companies have any revenue or profits. Usually these companies are start-ups and/or small businesses that typically have little or no access to capital markets.
Thus the option (D) is the correct answer.
Q80). ANS----- the options (B) is the correct answer.
Q81ANS------the options (C) is the correct answer.
Dodd-Frank was signed into law in July 2010 and brought sweeping reforms to the U.S. financial sector which enforced The Dodd-Frank Wall Street Reform and Consumer Protection Act is a massive piece of financial reform legislation which passed during the Obama administration in 2010 as a response to the financial crisis of 2008.
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