Before going public, a firm must file a registration statement with the _____.

Question

Quizplus · Accepted Answer

Before going public, a firm must file a registration statement with the Securities and Exchange Commission (SEC). The registration statement contains detailed information about the company's business operations, financial statements, and risks associated with investing in the company's securities. The SEC reviews the registration statement to ensure that it complies with federal securities laws and provides investors with the necessary information to make informed investment decisions. The Internal Revenue Service (IRS), Department of the Treasury, and Federal Trade Commission are not involved in the registration process for going public.

Before Going Public, a Firm Must File a Registration Statement