According to the Securities Act of 1933,an issuer of securities who complies with the federal law must prepare a(n)

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In regulating the initial sales of securities, the Securities Act of 1933 is viewed as a disclosure law. In essence, this law requires that securities subject to its provisions be registered prior to any sale and that a prospectus be furnished to any potential investor prior to any sale being consummated. Thus, an issuer of securities who complies with the federal law must prepare a registration statement and a prospectus.

According to the Securities Act of 1933,an Issuer of Securities