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NEW QUESTION 22
Which of the following is the MOST ACCURATE statement about serf-regulatory organizations (SROs) in the securities industry?

A. In some jurisdictions SROs establish the standards and rules under which members of the securities industry operateB. In most jurisdictions. SROs are prohibited from participating in the resolution of disputes related to securities transactionsC. An SRO is a governmental entity that exercises regulatory authority over the securities industry in its jurisdictionD. An SRO generally has sole regulatory authority over the securities industry in the jurisdiction in which it operates

Answer: A

 

NEW QUESTION 23
In jurisdictions that allow for corporate criminal liability which of the following is typically required for the corporation to be vicariously liable for the acts of one of its employees?

A. Management knew of the underlying offense but did not correct itB. The corporation had previous violations of a similar natureC. The employee was acting within the scope of their employmentD. Management was directly involved with the offense

Answer: C

 

NEW QUESTION 24
Frederick has multiple high-volume foreign bank accounts. The country he lives in requires him to report such accounts annually for tax purposes but he regularly and intentionally fails to report his accounts in order to reduce the amount of taxes he must pay. Which of the following schemes has Frederick MOST LIKELY committed?

A. An excise tax evasion schemeB. An income and wealth tax evasion schemeC. A value-added tax evasion schemeD. A tax credit evasion scheme

Answer: B

 

NEW QUESTION 25
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