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Paralegal Exam Prep

Category - Legal Envrmt

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Which of the following is NOT a federal securities law?

The Sherman Antitrust Act of 1890
The Private Securities Litigation Reform Act of 1995
The Market-Reform Act of 1990
The Securities Enforcement Remedies and Penny Stock Reform Act of 1990
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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