Asked by Nuwan Maddumage Don on Jul 26, 2024
Verified
To avoid sanctions under the Securities Exchange Act of 1934, whoever solicits a proxy must accurately disclose all facts pertinent to the matter on which shareholders are to vote.
Solicits A Proxy
The act of requesting someone to vote or act on another's behalf, often in the context of corporate shareholder meetings.
Securities Exchange Act Of 1934
A federal law governing the trading of securities, such as stocks and bonds, which created the Securities and Exchange Commission (SEC) to enforce regulations.
Pertinent To The Matter
Relating directly and significantly to the subject at hand.
- Comprehend the perpetual reporting requirements stipulated by the Securities Exchange Act of 1934.
- Become familiar with the culpability related to dishonesty and scam in the distribution and dealing of shares.
Verified Answer
Learning Objectives
- Comprehend the perpetual reporting requirements stipulated by the Securities Exchange Act of 1934.
- Become familiar with the culpability related to dishonesty and scam in the distribution and dealing of shares.
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