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Author Question: The Government in the Sunshine Act applies to all federal administrative agencies. Indicate ... (Read 70 times)

karlynnae

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on: Jun 24, 2018
The Government in the Sunshine Act applies to all federal administrative agencies.
  Indicate whether the statement is true or false

Question 2

Andre Dubai is the CEO of Lacota, a firm headquartered in Portugal. Lacota has acquired 10 companies in the United States. One of the companies is publicly traded on NASDAQ. Lacota does not have the reporting mechanisms, ethics codes, or board structure for its NASDAQ company that are required under U.S. laws for publicly traded companies. Dubai says that he and Lacota have sovereign immunity from U.S. laws.
 A) Dubai is correct; the business is, for all purposes, located in Portugal.
 B) Lacota cannot be forced to comply with U.S. securities laws because U.S. courts have no jurisdiction over it.
 C) Dubai, Lacota, and their NASDAQ company must comply with U.S. laws.
 D) Both a and b


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Bsand8

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


karlynnae

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

scottmt

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Reply 3 on: Yesterday
Excellent

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