Asked by James Copper on May 12, 2024
Verified
Mars Mission Inc. is a regulated publicly held corporation. Under the Securities Act of 1934, Mars is required to
A) contribute to the operations of national stock exchanges.
B) disclose information about its organization and financial situation.
C) engage in market surveillance to deter undesirable practices.
D) all of the choices.
Securities Act
U.S. legislation enacted in 1933 that regulates the sale of securities to the public, requiring disclosure of significant information.
Publicly Held
Describes a company whose shares are traded openly on stock exchanges and can be purchased by the general public.
- Gain an understanding of the regulatory demands placed on public enterprises by the Securities Act of 1933 and the Securities Exchange Act of 1934.
Verified Answer
DA
Denovan Ambraal NovyMay 13, 2024
Final Answer :
B
Explanation :
Under the Securities Act of 1934, publicly held corporations like Mars Mission Inc. are required to disclose information about their organization and financial situation to the public. This ensures transparency and protects investors by providing them with the necessary information to make informed decisions.
Learning Objectives
- Gain an understanding of the regulatory demands placed on public enterprises by the Securities Act of 1933 and the Securities Exchange Act of 1934.
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