1. One who owns more than ten percent of any security or who is a director or officer of the issuer of the security is known as a/an _____________________.
a. issuer
b. underwriter
c. insider
d. shareholder
2. Select the INCORRECT statement. The Securities Act of 1933 imposes liability on every person who signs a registration statement __________________________
a. if it contains untrue statements of material fact
b. if it seeks to register a worthless security
c. if it omits material required facts
d. if it contains material half-truths