Any corporation with less than $10 million in assets and fewer than five hundred shareholders must register their securities with the Securi-ties and Exchange Commission.

Question

Quizplus · Accepted Answer

This statement is false. Corporations with less than $10 million in assets and fewer than 500 shareholders are exempt from registration with the Securities and Exchange Commission under Rule 12g-1 of the Securities Exchange Act. However, they may still be subject to other SEC regulations and requirements.

Any Corporation with Less Than $10 Million in Assets and Fewer