Flashcards in To Know: Securities Act of 1933 Deck (8)
The goal of the Securities Act of 1933 is to:
provide investors with adequate information so they can make informed investment decisions.
The registration statement is effective on______after filing unless the SEC accelerates the effective date or requires an amendment.
on the twentieth day
________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.
_______establishes three separate exemptions (Rules 504, 505, and 506) related to small issues and small issuers.
Under Regulation D, the SEC must be notified by filing Form D within _______ of the first offering.
Rule 504 permits qualified issuers to sell ________ of securities during a 12-month period to any number of purchasers.
up to $1 million
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.