Issuers of Securities Offerings Must Comply with Either Federal or State

question 11

True/False

Issuers of securities offerings must comply with either federal or state securities laws, but not both.​

---

Definitions:

Microchips

Small semiconductor devices containing electrical circuits that can perform calculations or store data, used in electronic devices.

Tires

Rubber-covered, air-filled cylindrical components that provide vehicles with traction and support.

Gain From Trade

The advantage obtained by countries, entities, or individuals from engaging in voluntary trade, due to the specialization and efficient allocation of resources.

Tire

A rubber covering, typically inflated or surrounding an air-filled tube, placed around a wheel to form a flexible contact with the road.