Which of the following is not a security for purposes of the 1933 Act?
A) A limited partnership interest
B) A promissory note due in six months
C) A demand note
D) All of the above are securities.
Question 2
What does the Private Securities Litigation Reform Act's safe harbor provision do?
A) Eliminates director and officer liability under Section 11
B) Eliminates auditors' liability under Section 11
C) Provides liability protection for income predictions in the registration statement
D) All of the above
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A 1933 banner celebrates the repeal of Prohibition.
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