In: Economics
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Question 2 (5 points)
2. If your firm only occasionally issues securities for purchase by the public, the 1933 Securities Act does not require registration with the Securities and Exchange Commission and disclosure of material financial information.
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a) True | |
b) False |
Question 3 (5 points)
3. “Shelf registration” under the 1933 Act:
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Question 4 (5 points)
4. Most municipal bond issuance is required to be registered with the SEC.
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Question 5 (5 points)
5. The antifraud provisions of the 1934 Act (Securities Exchange Act of 1934)(Rule 10b-5):
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Question 6 (5 points)
6. Persons who may violate Rule 10b-5 include:
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Question 7 (5 points)
7. The punishment for violations of Rule 10b-5 (up to ten years of federal imprisonment and up to a $1 million fine) is among the harshest in the federal criminal code (18 U.S.C.) for nonviolent felonies that do not involve the sale of illegal drugs.
Question 7 options:
a) True | |
b) False |
Question 8 (5 points)
8. In a trademark infringement case, a court presumably would give great weight to the facts that the first manufacturer had registered his trademark and that a subsequent competitor manufactured products in the same style and color and using an emblem with the same shape as the emblem on the first manufacturer’s products.
Question 8 options:
a) True | |
b) False |
Question 9 (5 points)
9. How long does standard copyright protection under federal law last now?
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Question 10 (5 points)
10. What is the life of a design patent registered with the U.S. Patent and Trademark Office? Assume that a design patent is the diagram of a machine that accomplishes a task. For machines, scale models have to be submitted, also.
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1. Option b Investment in a common venture, premised upon a reasonable expectation of profit, and with all profits derived from efforts of others (a “passive income only” test).Investment securities are securities (tradable financial assets, such as equities or fixed income instruments) that are purchased in order to be held for investment. It helps in earning passive income in the form of interests, gains from stock and capital gains.
2. Option b False According to Securities act 1933 the companies
for better disclosure should register with the Securities and
Exchange Commission (SEC,) Registration ensures that companies
provide the SEC and potential investors with all relevant
information by means of a prospectus and registration
statement.Some exceptions include Intrastate offerings, Offerings
of limited size,
Securities issued by municipal, state, and federal governments and
Private offerings to a limited number of persons or
institutions
3 Option c Permits seasoned and well-known seasoned issuers to register unlimited amounts of securities that are to be offered and sold “off the shelf” in a delayed or continuous basis. Shelf registration is a method for publicly traded companies to register new stock offerings without having to issue them immediately. Instead, the securities can be issued at any time within a two-year period, allowing a company to adjust the timing of the sales to take advantage of more favorable market conditions should they arise.
4 Option b Always False. Most municipal securities offerings are exempt from the registration provisions of the federal securities laws. That means municipal issuers do not have to file a registration statement with the SEC. But you can still obtain information about municipal securities from the Municipal Securities Rulemaking Board (MSRB), through its Electronic Municipal Market Access (EMMA) website at www.emma.msrb.org.