R5 - Securities Regulation Flashcards
1
Q
The issuer could be liable for issuing securities by means of a false statement under:
A
The 1933 Act and the 1934 Act.
2
Q
The reporting requirements of the 1934 Act apply to any company:
A
Whose shares are traded on a national exchange, OR which has at least 500 shareholders in any one class who are not accredited and more than $10 million in assets.
3
Q
The prospectus is part of:
A
The registration statement
4
Q
The regulations allow the use of a _____________ prospectus in certain circumstances. A __________ prospectus may be missing certain information that is not yet available.
A
“Red Herring” Prospectus
