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Question
Elle sells securities to Floyd. Section 18 of the Securities Exchange Act of 1934 applies toa. Elle and Floyd.
b. Elle only.
c. Floyd only.
d. neither Elle nor Floyd.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Fact Pattern 41-1
Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly faster computer chip. Adam buys Beta stock and tells his friend Cathy, who also buys Beta stock. When the new chip is announced three weeks later, Adam and Cathy sell their stock for a big profit.
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Fact Pattern 41-1
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To raise capital to form Apex Corporation with Bert, Carla sells bonds and stock in other companies, and plans to register an initial public offering under the Securities Act of 1933. SEC Rule l0b-5 covers
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a. a bilateral agreement.
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