Which of the following statements is true of the registration requirements of the 1933 Act?

Question

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The 1933 Act requires the issuer of securities to register the securities with the SEC prior to their offer or sale to the public. This means that the registration must be completed before the securities are offered or sold to investors.

Answer: B
 The registration statement becomes effective only after it has been reviewed and approved by the SEC. The SEC reviews the registration statement for compliance with the disclosure requirements of the 1933 Act and provides comments to the issuer. Once the comments are addressed and the SEC is satisfied that the registration statement meets the disclosure requirements, it will declare the registration statement effective.

Answer: D
 The registration statement includes basic rules regarding the timing, manner, and content of offers and sales. The purpose of the registration statement is to ensure that investors are provided with adequate information to make informed investment decisions. Therefore, the 1933 Act requires issuers to provide all relevant information about securities to be offered or sold to the public.

Which of the Following Statements Is True of the Registration