The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 28, Problem 6BCP
Summary Introduction
Case summary:Three shareholders of company iS decided to sell their stock through a company WTFC. The share was restricted securities and the restrictive legend was wrongly removed from the shares. WTFC sold more than 2.3 million shares to the public.
To explain: The violation of Securities Act by WTFC.
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The Legal Environment of Business: Text and Cases (MindTap Course List)
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