Any company that publicly offers a security in the U.S. becomes a reporting company and, as such, is subject to:
A) The Securities Act of 1933.
B) The Securities Exchange Act of 1934.
C) The SEC.
D) The NASD.
E) None of the above.

Question

Quizplus · Accepted Answer

The Securities Exchange Act of 1934 governs the secondary trading of securities in the U.S. and requires companies that publicly offer securities to become reporting companies, subject to ongoing disclosure requirements.

Any Company That Publicly Offers a Security in the U