The Basic Purpose of Securities Legislation Is to

The basic purpose of securities legislation is to

A) make the capital market an efficient medium for allocating available funds among competing investment opportunities.
B) register and license those engaged in the various aspects of the securities business.
C) require the issuer of securities to the public to file a prospectus and other related information to the securities commission.
D) require full disclosure of financial information to prospective buyers of stocks and bonds offered to the public.
E) prevent and punish fraudulent practices in the securities industry.