Under the 1934 Act, an individual found guilty of filing false or misleading documents
with the Securities and Exchange Commission (SEC) may be imprisoned up to
A. 5 years.
B. 10 years.
C. 15 years.
D. 20 years.
E. 25 years.
Answer:
Chris, aged 62, is an employee of Magnatrix Inc., a small company with 12 employees.
The CEO of Magnatrix, Kathy, asks Chris to retire as the company is planning to reduce
its financial budget. Kathy also mentions that Chris is entitled to $50,000 a year in
retirement benefits. Chris does not want to be forced into retirement, and he decides to
sue Magnatrix for age discrimination. In this scenario, Chris cannot sue for
discrimination under the Age Discrimination in Employment Act because
A. he is entitled to $50,000 a year in retirement benefits.
B. he is older than 60 years.
C. Magnatrix has only 12 employees.