Under the new securities rules issued under the JOBS Act, which of the following companies would need to register its securities under the 1934 Securities Exchange Act for purposes of periodic reporting?

Question

Quizplus · Accepted Answer

Under the new securities rules issued under the JOBS Act, a company with more than $10 million in assets and 2,000 shareholders, with 500 or more shareholders who are not accredited investors, must register its securities under the 1934 Securities Exchange Act for purposes of periodic reporting. This means that only choice D meets this threshold with 450 non-accredited investors.

Under the New Securities Rules Issued Under the JOBS Act