Federal Securities Regulations Flashcards Preview

Regulation > Federal Securities Regulations > Flashcards

Flashcards in Federal Securities Regulations Deck (10)
Loading flashcards...
1

What is the purpose of registering securities?

To adequately and accurately disclose financial and other information upon which investors may determine the merits of the securities.

2

How long is the period between registering w/the SEC and when registration becomes effective?

20 days

3

What is a 'red herring'?

A preliminary prospectus missing certain unavailable information.

4

What is not available for first time issuers?

Shelf registration

5

What are the requirements of Regulation A?

Notify SEC w/in 20 days of first sale, offering circular, nonissuers are allowed to sell up to $50M of securities w/in 12 months.

6

Can an entity under Rule 504 advertise to accredited investors?

Yes

7

What are the 2 parts of a registration statement?

1) prospectus (written offer to sell) 2) disclosure statement (detailed info about the securities being issued

8

What are 2 types of exemptions?

Exempt securities and exempt transactions

9

What is an offering circular?

A mini-registration statement that contains key information must be provided to all prospective investors. For Regulation A.

10

What is the purpose of Regulation D?

To simplify sale of securities to sophisticated and accredited investors.