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Flashcards in To Know: Securities Act of 1933 Deck (8)
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1

The goal of the Securities Act of 1933 is to:

provide investors with adequate information so they can make informed investment decisions.

2

The registration statement is effective on______after filing unless the SEC accelerates the effective date or requires an amendment.

on the twentieth day

3

________permits certain issuers to offer up to $5 million of securities in any 12-month period without full registration. It imposes no limitations on the number and nature of investors, and resale is not restricted.

Regulation A

4

_______establishes three separate exemptions (Rules 504, 505, and 506) related to small issues and small issuers.

Regulation D

5

Under Regulation D, the SEC must be notified by filing Form D within _______ of the first offering.

15 days

6

Rule 504 permits qualified issuers to sell ________ of securities during a 12-month period to any number of purchasers.

up to $1 million

7

Rule 505 provides exemption from registration to all issuers other than investment companies for a limited offering of securities up to ________ in any 12-month period. The issue may be purchased by an unlimited number of accredited investors and not more than 35 nonaccredited investors/offerees.

$5 million

8

Rule 506 permits qualified issuers to sell ______ of securities during a 12-month period to an unlimited number of accredited investors.

an unlimited amount