Filed Under:

Under the USA, there are antifraud provisions that apply to securities. Which of the following statements is true?

a. Antifraud provisions apply to non-exempt securities only. b. Antifraud provisions apply to exempt securities only.

c. Antifraud provisions apply to both exempt and non-exempt securities.

d. Antifraud provisions apply neither to exempt nor to non-exempt securities.



Answer: C

As with other antifraud provisions under the Act (such as for actions by IAs), the antifraud provisions apply to all securities.



comments powered by Disqus
Trading Center