The SEC Cannot Rule on the Merits of an Offering

question 333

True/False

The SEC cannot rule on the merits of an offering, but can, by stop orders and other procedures, delay a proposed security offering it thinks is bad.

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Definitions:

Copyrights

Legal protections granted to the creators of original works, providing them exclusive rights to use and distribute their work for a certain period.

Paris Convention

An international treaty designed to provide a unified set of rules for the protection of intellectual property rights across the signatory countries.

National Treatment

A GATT principle of trade law that prohibits WTO member states from regulating, taxing, or otherwise treating imported products any differently from domestically produced products.

Right of Priority

An entitlement to preferential treatment or consideration over others, often in the context of legal rights or the position in an ordering system.