[Coffee Shops] Marley wants to open a chain of coffee shops but needs some investors.Her friend Marc tells her that she should be sure that she satisfies the requirements of the SEC.Marc tells her that she has to provide information to the SEC involving a description of the securities,an explanation of how proceeds will be used,information regarding the management of the company and other matters.He tells her that she also has to provide a document to the SEC that will be provided as an advertising tool to potential investors who can rely on it to decide whether they should buy the securities.Marley says that she does not want to do that.She explains to Marc that insofar as the coffee shop venture is concerned,she does not want to advertise,and she only wants to offer securities to a limited number of wealthy friends.Particularly,she has her friend Annaliese in mind,who has a net worth of at least $3 million.
-Which of the following is the term for the document referenced by Marc which contains information provided to the SEC including a description of the securities,an explanation of how proceeds will be used,information regarding the management of the company and other matters?

Question

Quizplus · Accepted Answer

A)The registration statement generally contains 1)a description of the securities offered for sale,2)an explanation of how proceeds from the sale of the securities will be used,3)a description of the registrant's business and properties,4)information about the management of the company,5)a description of any pending lawsuits in which the registrant is involved,and 6)financial statements certified by an independent public accountant.
B)The registration statement generally contains 1)a description of the securities offered for sale,2)an explanation of how proceeds from the sale of the securities will be used,3)a description of the registrant's business and properties,4)information about the management of the company,5)a description of any pending lawsuits in which the registrant is involved,and 6)financial statements certified by an independent public accountant.
C)The registration statement generally contains 1)a description of the securities offered for sale,2)an explanation of how proceeds from the sale of the securities will be used,3)a description of the registrant's business and properties,4)information about the management of the company,5)a description of any pending lawsuits in which the registrant is involved,and 6)financial statements certified by an independent public accountant.
D)The registration statement generally contains 1)a description of the securities offered for sale,2)an explanation of how proceeds from the sale of the securities will be used,3)a description of the registrant's business and properties,4)information about the management of the company,5)a description of any pending lawsuits in which the registrant is involved,and 6)financial statements certified by an independent public accountant.
E)The registration statement generally contains 1)a description of the securities offered for sale,2)an explanation of how proceeds from the sale of the securities will be used,3)a description of the registrant's business and properties,4)information about the management of the company,5)a description of any pending lawsuits in which the registrant is involved,and 6)financial statements certified by an independent public accountant.

[Coffee Shops] Marley Wants to Open a Chain of Coffee