Which of the following is not true about rule 415?
A) It permits companies to file one comprehensive registration statement, which outlines the firm's plans for future long-term financing.
B) It allows firms to issue securities when market conditions are appropriate, without further SEC approval.
C) It is consistent with the traditional requirements of the SEC.
D) None of these.

Question

Quizplus · Accepted Answer

Rule 415, also known as Shelf Registration, permits companies to file one comprehensive registration statement for future long-term financing plans and allows firms to issue securities when market conditions are appropriate without further SEC approval. However, it is not consistent with the traditional requirements of the SEC, as it allows for a more flexible and efficient registration process.

Which of the Following Is Not True About Rule 415