Under the Securities Act of 1933, Subject to Some Exceptions

question 53

Multiple Choice

Under the Securities Act of 1933, subject to some exceptions and limitations, it is unlawful to use the mails or instruments of interstate commerce to sell or offer to sell a security to the public unless

• A) A surety bond sufficient to cover potential liability to investors is obtained and filed with the Securities and Exchange Commission
• B) The offer is made through underwriters qualified to offer the securities on a nationwide basis
• C) A registration statement has been properly filed with the Securities and Exchange Commission, has been found to be acceptable, and is in effect
• D) The Securities and Exchange Commission approves of the financial merit of the offering

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Definitions:

Genders in Order

A sequence or listing of genders, often reflecting societal, biological, or personal identification classifications.

Equally Likely

Equally likely refers to events in probability that have the same chance of occurring, indicating that no single outcome is favored over others.

Birth

The act or process of bearing or bringing forth offspring; the start of life as a physically separate being.

Empirical Probability

The probability of an event derived from its observed frequency in a sample.