Question

m (chapters 39,40,41,42)
question 13 (2.5 points)
securities can be sold before the effective date of the registration statement without restrictions.
true
false
question 14 (2.5 points)
the sarbanes-oxley act of 2002 attempts to increase corporate accountability by imposing strict disclosure requirements and harsh penalties for violations of securities laws.
true
false
question 15 (2.5 points)
the date when the principal of a bond is returned to the investor is the maturity date.
true
false
question 16 (2.5 points)
shareholders are personally liable for the debts of a corporation.
true
false

Explanation:

Question 13

Securities cannot be sold before the effective date of the registration statement without restrictions (there are "waiting period" restrictions). So the statement is false.

The Sarbanes - Oxley Act of 2002 was enacted to increase corporate accountability through strict disclosure requirements and penalties for securities law violations. So the statement is true.

By definition, the maturity date of a bond is when the principal (face value) is repaid to the investor. So the statement is true.

Answer:

B. False

Question 14