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NEW QUESTION # 35
Which of the following statements about the International Organization of Securities Commissions (IOSCO) s TRUE?
- A. IOSCO is recognized as the international standard-setter for securities markets
- B. IOSCO is a self-regulatory organization for companies that have securities traded on international securities markets
- C. IOSCO provides a forum for regular cooperation on banking supervisory matters affecting developing nations
- D. IOSCO is an oversight body responsible for issuing and enforcing regulations that govern all international securities markets
Answer: A
NEW QUESTION # 36
To determine if a misrepresentation in the offer or sale of any securities is material a fraud examiner should answer which of the following questions?
- A. "Did the person who made the representation believe that it was suitable for potential investors?"
- B. "Would a reasonable investor wish to know the information to make an informed decision?"
- C. ''Did the person who made the representation intend to mislead potential investors?
- D. "Was the misrepresentation made by an authorized individual?"
Answer: B
NEW QUESTION # 37
Which of the following statements regarding civil lawsuits in most jurisdictions is CORRECT?
- A. The plaintiff's initial filing with the court does not typically need to include the specific facts on which the claim relies.
- B. The plaintiffs initial filing does not typically need to contain a summary of the evidence
- C. All of the above are correct
- D. Civil lawsuits begin with the filing of a pleading, usually in the jurisdiction in which the defendant resides or where the claim arose
Answer: D
NEW QUESTION # 38
Which of the following is TRUE in regard to authenticating evidence in most common law systems?
- A. Exhibits that cannot be authenticated will not be admitted regardless of relevance
- B. For evidence to be authenticated it must be reviewed and voted on by a jury
- C. The purpose of authentication is to ensure that hearsay is not admitted into evidence
- D. Digital records cannot be authenticated by testimony from a witness with personal knowledge
Answer: C
NEW QUESTION # 39
Which of the following statements is MOST ACCURATE regarding cross-examination of witnesses in adversarial systems?
- A. If an expert witness's opinion is at risk of being distorted during cross-examination, the expert should avoid answering the question
- B. If opposing counsel asks an overly complex question during cross-examination, witnesses should ask for the question to be rephrased
- C. The general rule is for opposing counsel to cross-examine all witnesses to ensure that important details are not missed by the fact finder
- D. The primary purpose of cross-examination is for opposing counsel to discover information previously unknown to opposing counsel.
Answer: B
NEW QUESTION # 40
In jurisdictions that allow criminal bargaining agreements the defendant's counsel generally has the discretion to determine whether a bargaining agreement is available to the defendant.
- A. True
- B. False
Answer: B
NEW QUESTION # 41
Jackson believes he has a legal cause of action against Alice, who lives in a foreign country. The fact that Jackson is the plaintiff allows him to bring the lawsuit against Alice in any court in the country where he lives.
- A. False
- B. True
Answer: B
NEW QUESTION # 42
Which of the following is NOT an element that must be proven to establish a penury offense?
- A. The defendant made a false statement that was material
- B. The defendant made the statement with knowledge of its falsity
- C. The defendant made a false statement in a court of law.
- D. The defendant made a false statement white under oath.
Answer: C
NEW QUESTION # 43
In systems using adversarial processes, an attorney may impeach an opposing party's witness by showing that the witness:
- A. Is influenced by bias or self-interest
- B. Has a keen ability to observe
- C. Made poor consistent statements
- D. Testified from personal knowledge
Answer: A
NEW QUESTION # 44
Which of the following can affect the rights that employees may have during an internal investigation?
- A. Existence of violation red flags
- B. Existence of interstate compacts
- C. Existence of an employment contract
- D. Existence of fraud risk factors
Answer: C
NEW QUESTION # 45
All of the following are methods of pretrial civil discovery commonly found in common law jurisdictions EXCEPT:
- A. Oral examinations
- B. Affidavits of documents or records
- C. Written examinations
- D. Injunctions
Answer: D
NEW QUESTION # 46
All of the following are common legal defenses for tax evasion EXCEPT:
- A. The actions were tax avoidance not tax evasion
- B. Death of the taxpayer
- C. Mental illness of the taxpayer
- D. The taxpayer s reliance on an attorney or accountant
Answer: B
NEW QUESTION # 47
One of the purposes of securities regulation is to maintain market confidence.
- A. False
- B. True
Answer: B
NEW QUESTION # 48
Under the best practices listed in the Financial Action Task Force (FATF) Recommendations concerning large cash transactions with customers which of the following transactions would require a report to be Wed with the government?
- A. A lump-sum cash deposit to a bank above the jurisdiction's designated threshold
- B. A cash payment to a restaurant supplier for restaurant supplies above the jurisdiction's designated threshold
- C. An international purchase of a small boat with a lump-sum cash payment below the jurisdiction's designated threshold
- D. A domestic credit card purchase of a piece of jewelry above the jurisdiction's designated threshold
Answer: A
NEW QUESTION # 49
Which of the following statements concerning fact finders in criminal trials in common law jurisdictions is MOST ACCURATE?
- A. A panel of a professional judge and lay judges usually serves as the fact finder in serious cases
- B. The presence of a jury is always required to make factual findings in a common law criminal trial
- C. Juries usually serve as the fact finder in serious cases
- D. A judge is typically responsible for factual findings
Answer: D
NEW QUESTION # 50
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