Which of the Following Is True of the Securities Act

question 40

Multiple Choice

Which of the following is true of the Securities Act of 1933?

• A)It guarantees the economic merits of any investment opportunity.
• B)It prohibits full disclosure of all material facts about the investment opportunity to offerees before they invest.
• C)It forbids any interstate offering of a new security until a registration statement has been filed with and approved by the Securities and Exchange Commission.
• D)The Securities and Exchange Commission has repealed the 1933 Act's prescribed relationship between solicitation or sales of a security and the registration process.