Practice Quiz

CLEP Business Law

Category - Legal Envrmt

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Which of the following is NOT a federal securities law?
  1. The Sherman Antitrust Act of 1890
  2. The Private Securities Litigation Reform Act of 1995
  3. The Market-Reform Act of 1990
  4. The Securities Enforcement Remedies and Penny Stock Reform Act of 1990
  5. The Trust Indenture Act of 1939
Explanation
Answer: A. The Sherman Antitrust Act of 1890 is NOT a federal securities law. The Sherman Antitrust Act is an antitrust act. It was designed to prevent anticompetitive activity.
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