Which of the following is not true about SEC 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) All of these options are true.

Question

Quizplus · Accepted Answer

SEC Rule 415 is not consistent with the traditional requirements of the SEC because it allows companies to file one comprehensive registration statement rather than multiple filings for different securities. The other options are true statements about Rule 415.

Which of the Following Is Not True About SEC Rule