Which of the following is (are) TRUE regarding the Securities Exchange Act of 1934?
The act bars the use of credit to purchase new issues.
The act prohibits the simultaneous purchase and sale of a security to create the appearance of trading.
The act prohibits the spread of false rumors to induce others to trade.
A) II and III.
B) I, II and III.
C) I and II.
D) I and III.
Answer: B) I, II and III.