Save
Busy. Please wait.
Log in with Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Regulation - SEC

Securities Law

QuestionAnswer
Plaintiff under 1933 act need Not no privity, no reliance, no fraud and can still recover
Sherman Act contracts, combinations, and conspiracies in restraint of trade are illegal
Clayton Act prohibits purchase of all or substantially all stock of competition where purchase lessens competition and tends to create a monopoly (if competition is not LESSENED -NOT illegal)
Federal Trade Commission Act prohibits unfair methods of competition and deceptive practices.  Has exclusive right to determine what's unfair, can issue cease & desist, each day is a separate violation
Robinson-Patman Act expands Clayton on price discrimination, avoidable if does NOT LESSEN competition.
Act of 1933 purpose provide investors with full and fair disclosure of all material info related to issuance of securities, including principal purpose for which proceeds will be used
Security definition "profit from the efforts of others", excluded are CDs- mere commercial paper and NOT investment; notes exempt if maturity<9mos., used for commercial purposes-not investment. Also exempt securities exchanged WITHOUT commission with existing holders
Reg D exemption 504 no advert.to non-accredited investors & no resale for 2 yes by non-accredited, <=1M, within 12 mos, unlimited investors, no F/S
Reg D exemption 505 notify SEC within 15 days, purpose must be  INVESTMENT, <=5M, within 12mos, accredited buyers (unlimited)-no F/S, non-accredited >=35-only B/S.
Reg D exemption 506 notify SEC within 15 days, purpose must be  INVESTMENT, no resale for 2 yrs., unlim$$$, accredited unlim.-no F/S, non-accredited-audited B/S and MUST be rep'd by accredited.
Created by: baurjan
Popular Accounting sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards