If the SEC permits a registration statement to become effective, it is deemed that the registration statement is true and accurate and does not omit any material facts.

Question

Quizplus · Accepted Answer

The SEC allowing a registration statement to become effective does not imply that the SEC has verified the accuracy or completeness of the information. It simply means that the required information has been filed and the offering can proceed under federal securities laws.

If the SEC Permits a Registration Statement to Become Effective