Question

19.______The first two major pieces of federal securities regulation

a. were the Securities and Exchange Acts of ’33 and ’34.

b. were enacted in response to the Great Depression.

c. set the framework for modern securities regulation.

d. all of the above.

e. more than one, but not all of the above.

20._____All of you will be shorting stocks and trading on margin like scalded dogs.

a. Yeah you will!

b. I certainly hope not.

Answer 1

Question 19

Option number D (All of the above) is correct. Because

In the 1920s, companies often sold stocks and bonds on the basis of glittering promises of fantastic profits and without disclosing meaningful information to investors. Following the stock market crash of 1929, the U.S. Congress enacted the federal securities laws and created the SEC to administer them.

There are two primary sets of federal securities laws that come into play when a company wants to offer and sell its securities:

Securities Act of 1933 ("Securities Act")

Securities Exchange Act of 1934 ("Exchange Act")

Question 20

Option number B is meaningful because it's represent currect meaning of the sentence.