The Georgia State Board of Nursing Home Administrators is an administrative agency created by the Georgia legislature. One of the functions of an administrative agency is rule making. The process of rule making can be done through formal or informal processes or a hybrid mix of both formal and informal methods. What are the two types of rules usually adopted by administrative agencies?

(a) procedural and proprietary:

(b) procedural and equitable;

(c) procedural and substantive;

(d) procedural and nominal.

2. Each of the following is an example of securities fraud except:

(a) insider trading;

(b) failure to file a registration certificate;

(c) intentional misstatement of facts in prospectus;

(d) proxy solicitation for annual meeting.