A company becomes a reporting company subject to the Exchange Act if: (1) a class of its equity securities (other than exempted securities) is held by either __________ investors or __________ investors who are not accredited investors, and (2) on the last day of the issuer's fiscal year, its total assets exceed $10 million.

Question

Quizplus · Accepted Answer

A company becomes a reporting company under the Exchange Act if it has more than 2,000 investors or more than 500 investors who are not accredited investors, and its total assets exceed $10 million on the last day of its fiscal year.

A Company Becomes a Reporting Company Subject to the Exchange