A federal agency such as the Department of the Interior must comply with the Administrative Procedures Act to finalize legislative regulations. True False Blue sky laws are regulations of the EPA that impose air quality standards on electricity-generating power plants. True False An accounting firm that helps prepare a registration statement can be held liable for investor losses if there was negligence in preparing the statement under Section 11 of the 1933 Act. True False A person with a net worth of $1,500,000 and an annual income of $250,000 would be considered to be an accredited investor for purposes of the private placement exemption. True False