Which of the following is not true of the SEC (Securities Exchange Commission)?
A)It enforces laws designed to protect investors against misconduct in the securities markets.
B)It enforces laws against insider trading.
C)All public companies must provide the SEC with a prospectus annually.
D)Companies offering securities for sale must register their intent to do so with the SEC.

Question

Quizplus · Accepted Answer

The SEC requires public companies to file various reports, such as annual reports (Form 10-K), quarterly reports (Form 10-Q), and current reports (Form 8-K), but it does not mandate that all public companies provide a prospectus annually. A prospectus is typically required for new securities offerings to provide potential investors with information about the investment.

Which of the Following Is Not True of the SEC