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49.
(p. 897)
Which of the following is the term for the document referenced by Robbie involving
information provided to the SEC involving a description of the securities, an explanation of how
proceeds will be used, information regarding the management of the company and other
matters?
50.
(p. 897-898)
Which of the following is the term for the document referenced by Robbie to be
provided to the SEC that will be used as an advertising tool to potential investors who can rely on
it to decide whether they should buy securities?
51.
(p. 900)
Assuming requirements are satisfied, which of the following, if any, may allow Bernice to
avoid registration with the SEC if she proceeds with her plan to offer securities only to friends
without advertisement?
52.
(p. 900)
Which of the following is a term, if any, that would describe Scott as an investor?
53.
(p. 902)
Is Rick correct in that the SEC would have no authority to send Bruno to jail?
54.
(p. 902)
Which of the following is true regarding Bruno's plan to rely on the due diligence
defense?
55.
(p. 902)
Which of the following is true regarding Bruno's sale of securities before the effective
date of registration?
56.
(p. 902)
Which of the following, if any, may be defenses for Bruno?
57.
(p. 904)
In which of the following prohibited practices, if any, was Linda engaged by purchasing
the shares after she found out about the merger?
58.
(p. 908)
Which of the following would describe Linda in providing information about the asset sale
to Frank?
59.
(p. 908)
Which of the following would describe Frank in receiving the information from Linda and
acting upon it?
60.
(p. 908)
Which of the following would describe Frank in providing information about the asset sale
to George?
61.
(p. 908)
For which of the following is Linda liable?
62.
(p. 908)
For which of the following is George liable?
63.
(p. 893)
Set forth the Howey three-part test for determining if a security exists.
64.
(p. 896)
Set forth the four major responsibilities of the SEC as set forth in the text.
65.
(p. 897)
Set forth what a registration statement filed with the SEC generally contains.
66.
(p. 907)
ABC Company, a designer of computer software, had a number of new products ready to
launch. Jason, a seller of office supplies to ABC Company, was talking with Susie, the president
of the company, regarding a product order. Susie was called away from her office for a few
minutes, and Jason, who liked to snoop, took the opportunity to go through the papers on her
desk. Jason discovered a description of the new software products. He immediately bought lots
of ABC Company stock and made a significant profit following the public announcement of the
new software and the resulting increase in the price of ABC Company stock. Is there any theory
on which Jason could be held liable for a securities violation, and, if so, what? Describe any such
theory.
67.
(p. 908-909)
What is a proxy solicitation and how is it regulated by the SEC?
