Securities exchanges will not permit securities to be sold:

Question

Quizplus · Accepted Answer

Securities exchanges will not permit securities to be sold until the registration statements have been approved by the appropriate regulatory body. Therefore, choice B, which indicates that securities cannot be sold prior to approval of the registration statements, is the best answer. However, overpricing and guaranteeing their value are not necessarily requirements for selling securities, and the existence of a shelf registration is not always necessary.

Securities Exchanges Will Not Permit Securities to Be Sold