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Questions and Answers
What action is the Commission authorized to take for the protection of investors and the public interest?
What action is the Commission authorized to take for the protection of investors and the public interest?
- Summarily suspend trading in any listed security (correct)
- Provide financial assistance to affected issuers
- Initiate a public awareness campaign
- Issue a warning to the affected issuer
For how long can the trading in a listed security be suspended by the Commission?
For how long can the trading in a listed security be suspended by the Commission?
- Not exceeding 60 days
- Not exceeding 180 days
- Not exceeding 120 days
- Not exceeding 90 days (correct)
What action must the Commission take following the issuance of the order of suspension?
What action must the Commission take following the issuance of the order of suspension?
- Notify the affected issuer of the reasons for such suspension (correct)
- Initiate legal proceedings against the affected issuer
- Compensate the affected issuer for the suspension
- Revoke the trading suspension immediately
What is the purpose of providing the affected issuer with an opportunity for a hearing?
What is the purpose of providing the affected issuer with an opportunity for a hearing?
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What is the maximum duration for which the Commission can summarily suspend trading in a listed security?
What is the maximum duration for which the Commission can summarily suspend trading in a listed security?
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