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Peer influence best explains why:
Securities
Financial instruments that hold some type of monetary value, such as stocks, bonds, or options, which can be traded on financial markets.
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Adherence to laws, regulations, guidelines, and specifications relevant to business operations.
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The process of submitting required documents to a regulatory body to declare the details of securities to be offered to the public.
Regulation S-K
A set of SEC regulation that provides specific instructions on non-financial statement disclosures required as part of corporate securities offerings.
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