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– Nelson Mandela

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Week 2 Discussion_16...
As world trade continues to increase due to supply and demand, the port will also accommodate the requirement of the nation. In the 21st century, the port operation made radical changes in business an...

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As world trade continues to increase due to supply

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One interesting resource I came across was inequality and functionalism. The functionalist theory emphasizes the fact that society is a complex machine comprised of multiple interdependent parts. Soci...

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One interesting resource I came across was inequal

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There are many social practices that have basically shaped the modern culture in a very diverse way. One of them is the social practice of being on the social media and also the constant hangover on d...

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Ch 42 Securities 1 assignment

Ch 42 Securities 1 assignment

Q 1) What is the major difference between the Securities Act of 1933 & 1934? 2) Why is it that many commentators have stated that The 1933 act requirement created the profession of Certified Public Accountancy? 3) Harry and Moe decide to form a corporation by transferring $50,000 each in exchange for corporate stock. a) Does the stock qualify as an Exempt Security? b) Does this qualify as an Exempt Transaction? c) If you answer "yes" to a or b above, which exemption specifically applies? 4) What are the defenses a CPA firm might use if accused of violating the 1933 Act?

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The Securities Act of 1933 can be categorized into a onetime disclosure law. However, in case of the Securities Act of 1934, there are periodic disclosures of continuous nature provided. This provision is made possible by corporations which are publicly held (Clarkson, Miller & Cross, 2016). This is because subsequent trading has to be regulated by facilitating the SEC with periodic disclosures. Frauds of different types are legally prohibited by the creation of the Securities Act of 1933.