Chapter 28
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Chapter 28
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Free Flashcard From Chapter 28
Question:
1934 Act Registration and Disclosure
Answer:
Generally,
the 1934 Act applies to companies with 500 or more shareholders and total assets exceeding $10 million These
companies must register their securities under Sec. 12 of the 1934 ActThese
companies are called “reporting
companies” because they must comply with the reporting requirements under Sec. 12 of the Act