Chapter 17

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Author:
Ladybird1106
ID:
301276
Filename:
Chapter 17
Updated:
2015-04-21 22:16:33
Tags:
Financial Securities Regulations
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Description:
Vocabulary
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  1. Security
    545
    Under the securities law, a investment in which the investor does not participate in management.
  2. Liability
    549
    Responsibility of one who is bound in law and justice to do something which may be enforced.
  3. Securities Act of 1933
    551
    Recognized several defenses that may be used to avoid civil liability.

    • Materiality
    • The statute of limitations
    • Due diligence
  4. Section 10 (b)-5
    553
    Declare that it is unlawful to use the mails or any instrumentality of interstate commerce or any national securities exchange to defraud any person in connection with the purchase or sale of any security.
  5. Insider
    562
    A person who

    • -Owns more than 10 percent of any security
    • -Is a director or an officer of the issuer of the security.
  6. Tippee
    563
    A person who learns of nonpublic information from an insider.

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