100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
LEGL 2700 EPSTEIN PRE-FINAL UNIT EXAM WITH COMPLETE SOLUTIONS A+ GRADED $14.99   Add to cart

Exam (elaborations)

LEGL 2700 EPSTEIN PRE-FINAL UNIT EXAM WITH COMPLETE SOLUTIONS A+ GRADED

 4 views  0 purchase
  • Course
  • LEGL 2700 EPSTEIN
  • Institution
  • LEGL 2700 EPSTEIN

LEGL 2700 EPSTEIN PRE-FINAL UNIT EXAM WITH COMPLETE SOLUTIONS A+ GRADED...

Preview 2 out of 5  pages

  • November 7, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LEGL 2700 EPSTEIN
  • LEGL 2700 EPSTEIN
avatar-seller
Easton
LEGL 2700 EPSTEIN PRE-FINAL UNIT EXAM WITH
COMPLETE SOLUTIONS A+ GRADED


security - ANSWER owning a piece of a business that others are managing; any note,
stock, treasury stock, bond, debenture, evidence of indebtedness, etc



securities and exchange commission (SEC) - ANSWER agency at the federal level that is
responsible for administering the federal securities laws; consists of five
commissioners; possess quasi-legislative and quasi-judicial powers



blue sky laws - ANSWER state level laws that regulate the offer and sale of securities



securities act of 1933 - ANS the first major federal law regulating the securities industry;
requires the disclosure of info to the potential investors; info must be true and not
misleading



issuer - ANS individual or business organization offering a security for sale to the public



underwriter - ANS any person participating in the original distribution of securities; sells
securities for issuer or guarantees the sale



issuer - ANSWER any person who issues a security; thus, seller = anyone who contracts
with a purchaser causing the purchase to occur



registration statement - ANSWER detailed disclosure of financial info about the issuer
and controlling persons



prefiling period - ANSWER period during which it is lawful to engage in preliminary
negotiations and agreements with underwriters; it is unlawful to sell the securities

, waiting period - ANSWER period that is usually 20 days long which allows the SEC to
review; it is still illegal to sell the securities; it is not illegal to solicit offers just can't
accept them yet and form contact



posteffective period - ANSWER period in which now it is legal for the sales to begin



prospectus - ANSWER contains financial information about issuer and controlling
persons; is given to prospective investor; merely need meet the statutory requirements
(does not mean it is a good investment!)



securities and exchange act of 1934 - ANSWER federal law that regulates transfers of
securities after the initial sale (secondary market); created the SEC; illegal to sell
unregistered securities on national exchange; registration requires filing prescribed
forms with stock exchange and SEC



rule 10b-5 - ANSWER principal anti-fraud rule on secondary market fraud issues; civil
and criminal sanctions; applies even if not a registered security



Insider trading - ANSWER the crime of trade on material, non-public information

Tippee - ANSWER the person who learns of material, non-public information from an
insider

Tipper - ANSWER the insider who discloses material, non-public information

Misappropriation theory - ANSWER person is a "temporary insider" if he / she conveys
or uses material, non-public information for money-making purposes



Sarbanes-Oxley Act of 2002 - ANSWER Applies to all public companies in the US and
international companies registered with the SEC; revitalization of the SEC-increased
budget, increase power over governance issues, etc.



Public Company Accounting Oversight Board - ANSWER oversees the accounting firms
that audit public companies; requires the auditing firms not to conduct non-auditing
services

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Easton. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67866 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.99
  • (0)
  Add to cart