Examlex
Examine the five words and/or phrases and determine the relationship among the majority of words/phrases. Choose the one option that does not fit the pattern.
SEC
Stands for the Securities and Exchange Commission, a U.S. federal agency responsible for regulating the securities industry and ensuring fair and efficient markets.
Waiting Period
In securities registration, the period between the time an issuer files a registration statement and prospectus with the SEC requesting to offer a security and the time the offer is approved by the SEC, which is a minimum of 20 days.
Registration Statement
A legal document filed with regulatory authorities providing essential details about an investment offering to the public, ensuring transparency and compliance with securities laws.
Prospectus
A legal document issued by companies that are offering securities for sale, providing potential investors with details about the investment.
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