Question & Answer: Establishing "due diligence" is most directly related to court cases tried under:…..

Establishing “due diligence” is most directly related to court cases tried under:

Select one:

a. Common law by clients.

b. The 1934 Securities Exchange Act.

c. The 1933 Securities Act.

d. Common law by third parties.

Expert Answer

Solution: The 1934 Securities Exchange Act

Explanation: The 1933 Act was the first major federal legislation that was authorized for the regulation on the offer and sale of securities. Prior to the Act, the regulation of securities was mainly governed by state laws, usually referred to as blue sky laws. Establishing “due diligence” is also most directly related to court cases tried under The 1934 Securities Exchange Act

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