Assuming that the information contained in a registration statement is complete and accurate, the registration statement becomes effective:
A)10 days after receipt by the SEC
B)20 days after receipt by the SEC
C)30 days after receipt by the SEC
D)only after the SEC specifically clears the issue in writing to the principal underwriter

Question

Quizplus · Accepted Answer

only after the SEC specifically clears the issue in writing to the principal underwriter. The registration statement becomes effective when notice is received in writing from the SEC.

Assuming That the Information Contained in a Registration Statement Is