SEC Section 13 Quiz
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Questions and Answers

What action may the Commission take to obtain the books and papers of an issuer?

  • Compel production (correct)
  • Ask politely for
  • Request submission
  • Suggest retrieval

    • What is the responsibility of the issuer upon the effectivity of the registration statement?

  • State under affirmation in every prospectus that all registration requirements have been met
  • State under oath in every prospectus that some registration requirements have been met
  • State under affirmation in every prospectus that some registration requirements have been met
  • State under oath in every prospectus that all registration requirements have been met (correct)

    • What constitutes fraud in the context of the registration statement?

  • Any statement of fact or omission to state a material fact required to be stated
  • Any true statement of fact or omission to state a material fact required to be stated
  • Any untrue statement of fact or omission to state a material fact not required to be stated
  • Any untrue statement of fact or omission to state a material fact required to be stated (correct)

    • What may the Commission do to the officers of the issuer or any other person connected therewith?

    <p>Administer oaths to and examine</p> Signup and view all the answers

    Under what circumstances may the Commission reject a registration statement?

    <p>If the registration requirements have not been met</p> Signup and view all the answers

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