Under SEC Rules, a "Private Company" Is a Company

question 432

Multiple Choice

Under SEC rules, a "private company" is a company:

• A) with all its securities held by investment firms
• B) with fewer than 500 shareholders and shares not openly traded
• C) that does not allow foreign investors to own its stock
• D) with financial assets belonging only mutual funds
• E) none of the other choices

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Definitions:

Rifted Apart

Refers to areas where the Earth's crust has been stretched and broken, leading to the formation of rift valleys or the splitting of continents.

South Atlantic

The southern portion of the Atlantic Ocean, extending from the Equator to Antarctica.

Recently Formed

Describing something that has come into existence or been created or established a short while ago.

South Atlantic Ocean

The part of the Atlantic Ocean located south of the Equator, extending between the continents of South America and Africa.