A bond issue has recently been registered with the state Administrator. Which of the following statements are true?

Question

Quizplus · Accepted Answer

When a bond issue has been effectively registered with the state Administrator, it can be offered for sale in the state. The bond's acceptance by the Administrator simply means that the issuer has supplied enough information in order for an investor to judge the quality of the bond for himself; it in no way implies that the bond is of sound quality. It could, in fact, be a very risky security and still have met the registration requirements.

A Bond Issue Has Recently Been Registered with the State