The SEC's role in the initial registration of securities to be publicly issued is:
A) To ensure that the content of the registration filing is in compliance with securities regulations.
B) To ensure that securities issued are quality investments.
C) To provide data to the public regarding first-time issuance of securities.
D) To give permission to an independent CPA firm to audit the registrant's financial statements.
E) To make the registrant's annual report available for public viewing.

Question

Quizplus · Accepted Answer

The SEC's role is to ensure that the registration filing complies with securities regulations, not to assess the quality of the investment or provide permissions for audits.

The SEC's Role in the Initial Registration of Securities to Be