A major stockholder of a corporation is most likely to be a(n)______ in the initial sale of securities who also has power over the issuer in such sales.
A) seller
B) bailee
C) underwriter
D) guarantor
E) controlling person

Question

Quizplus · Accepted Answer

The Securities Act of 1933 regulates anyone who is involved with or who promotes the initial sale of securities. A controlling person is one who controls or is controlled by the issuer, such as a major stockholder of a corporation.

A Major Stockholder of a Corporation Is Most Likely to Be