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Questions and Answers
What action may the Commission take to obtain the books and papers of an issuer?
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?
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?
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?
What may the Commission do to the officers of the issuer or any other person connected therewith?
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Under what circumstances may the Commission reject a registration statement?
Under what circumstances may the Commission reject a registration statement?
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