Asked by Jordan Tongen on Jul 26, 2024
Verified
Industrial Corporation is a public company whose shares are traded in the public securities markets. Under the Securities Act of 1933, Industrial is required to
A) contribute to the operations of national security exchanges.
B) disclose all essential information about the issuance of its securities.
C) engage in market surveillance to deter undesirable practices.
D) meet investors' reasonable expectations to make a profit.
Securities Act
A law governing the issue and sale of securities to protect investors through requiring disclosures via registration of securities.
Public Securities
Financial instruments, such as stocks or bonds, that are traded openly in the public markets.
Industrial Corporation
A type of corporation that specializes in the manufacturing and production of goods in an industrial sector.
- Understand the requirements for public companies under the Securities Act of 1933 and the Securities Exchange Act of 1934.
Verified Answer
Learning Objectives
- Understand the requirements for public companies under the Securities Act of 1933 and the Securities Exchange Act of 1934.
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