Securities Exchange Act of 1934

Question 1

Any purchaser who

Answer 1

purchases over 5% of a class equity in securities must file a report with the SEC

Question 2

Under the 1934 act - issuer of securities

Answer 2

1) must file annual and quarterly reports to the SEC
2) File material events - change in control, change in amount of securities issued, change in officers.
3) Proxy statements when proxy solicitations exist

Question 3

The 1934 Act has registration provisions that require

Answer 3

specific disclosures including

1) Bonus and profit sharing arrangements
2) Financial Structure and nature of business
3) Names of officers and directors

Question 4

For the 1934 Act to apply (including 10b-5)

Answer 4

Wrongful acts must be accomplished through

1) Mail
2) other use of interstate commerce
3) through a national securities exchange

Question 5

The SEC

Answer 5

does not rate securities