4 Questions
- Which of the following statements is not true?
A. Before the filing of the registration statement, the SEC will set up a cooling-off period to ensure all registration requirements have been fully met.
B. The front of every prospectus must contain the SEC disclaimer.
C. The preliminary prospectus may be used to gather indications of interest.
D. The Securities Act of 1933 required issuers of new nonexempt securities to file registration statements with the SEC.
Before the filing of the registration statement, the SEC will set up a cooling-off period to ensure all registration requirements have been fully met.
Seabird Airlines is selling shares to the public for the first time. The company intends to use the proceeds from the sale of its stock to purchase several new passenger aircraft. This offering is an example of A. a secondary offering B. a rights offering C. an initial public offering. D. a subsequent primary offering.
an initial public offering.
An underwriter that assists a corporation on the sale of a new issue without taking the security into inventory is underwriting on which type of underwriting? A. Best efforts B. Firm commitment C. Partial commitment D. Full or none
Best efforts
A Regulation A exemption covers A. an offering of $75 million or less in 12 months. B. an offering of letter stock. C. a private offering. D. an offering of $50 million or more in 12 months.
an offering of $75 million or less in 12 months.
Test your knowledge on securities registration statements by answering questions based on statements related to filing requirements, prospectus content, and the role of the SEC.
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