Filing a prospectus with a securities commission is a serious and important effort. The commission will refuse to file it should it be misleading or have omitted required data. The filing needs to be made
A) before securities can be issued to the public.
B) or investors can repudiate their stock purchases at any future date.
C) in the maximum required detail as prescribed by statute.
D) so investors have public access to a copy of the prospectus.
E) within 30 days of issuance of securities.

Question

Quizplus · Accepted Answer

A prospectus must be filed before securities can be issued to the public to ensure that all necessary information is disclosed and to protect investors.

Filing a Prospectus with a Securities Commission Is a Serious