- Description
LAW 531T Week 6 Apply Assignment
Complete the Week 6 Apply Assignment in MyEducator.
Note: In MyEducator, select Student Menu > Assessments to locate the assignment.
Week 6 Apply Assessment
- Use the following information to answer questions 1–3.
Examine the SEC enforcement actions against violators of the FCPA on the “SEC Enforcement Actions: FCPA Cases” web page. Look at several different examples from the site. Note that detailed information about each case is available if you click on the name of the company.
What are the typical repercussions for violators of the Act?
o millions or even billions of dollars in penalties
o jail time
o forced bankruptcy
o being prohibited from doing business
- What kinds of unlawful activity did the guilty parties participate in? Check all that apply.
o sexual harrassment
o failure to implement internal accounting controls
o bribery
o obtaining illicit government licenses
o discrimination in employment
o improper payments
- The SEC investigates illegal activity stemming from ________ companies and their representatives.
o foreign
o U.S.
o both U.S. and foreign
- Use the following information to answer questions 4–8.
David borrows $3,000 from Melanie’s loan company in order to pay for a new car. A few months after the loan takes place, David falls behind on his payments. Melanie begins attempting to collect the money owed from David. She takes the following steps:
Melanie calls David in the afternoon to discuss his payments, but he does not answer. Is this action permitted under the Fair Debt Collection Practices Act (FDCPA)?
o yes
o no
- Melanie sends a letter marked “urgent” to David’s address, but he sends no reply. Is this action permitted under FDCPA?
o yes
o no
- Melanie visits David’s house at 6 p.m. on a weekday, but nobody answers the door. Is this action permitted under the FDCPA?
o yes
o no
- Melanie emails David’s employer to ask how and when she may contact David. Is this action permitted under the FDCPA?
o no
o yes
- Melanie leaves a message on David’s answering machine, promising to call the police if he does not pay his debt. Is this action permitted under the FDCPA?
o no
o yes
- Imagine that your company is offering securities for the first time and must register with the SEC. If you were to create a registration statement with the SEC, which of the following elements would you need to include? Check all that apply.
o financial condition of the issuer
o description of commerce activities that take place across state lines
o type of business organization of the issuer
o proposed use of the proceeds
o name and location of the issuer
o description of the securities being sold
o factors that could affect the success of the business venture