Question

QUESTION 25

One recognized purpose of the Securities Act of 1933 is to:

a.

Require a corporation wishing to sell securities to disclose certain information to the public.

b.

Discourage low income investors from purchasing corporate stock.

c.

Reimburse investors who may have lost millions in the stock market crash of 1929.

.

d. Gradually reduce the sale of securities to the investing public.

QUESTION 26

The _______ was the first antitrust law passed by Congress, and was designed to address monopolization and anticompetitive collaborative activities.

		a. Consumer Protection Act
		b. Sherman Act
		c. Privacy Act of 1974
		d. Federal Trade Act

Answer 1

1. One recognized purpose of securities act of 1933 is to –

Ans: a) Require a corporation wishing to sell securities to disclose certain information to the public.

2. The _______ was the first antitrust law passed by Congress, and was designed to address monopolization and anticompetitive collaborative activities.

     Ans: b) Sherman Act

The Sherman Anti-Trust Act was approved on July 2^nd 1890. It was named for Senator John Sherman of Ohio, who was a chairman of the Senate finance committee and the Secretary of the Treasury under President Hayes.