Under the new securities rules issued under the JOBS Act, which of the following companies would need to register its securities
under the 1934 Securities Exchange Act for purposes of periodic reporting?a. A company with $5 million in assets and 2,000 shareholders. b. A company with $10 million in assets and 1,500 shareholders. c. A company with $10 million in assets, 2,000 shareholders, and 550 non-accredited shareholders. d. A company with $10 million in assets. 2,000 shareholders, and 500 non-accredited investors.
d. A company with 10 million in assets. 2,000 shareholders and 500 non-accredited investors
Explanation:
As a result of the statutory changes, an issuer other than a bank, a bank holding company or a loan and savings company is required to register a capital stock class under the Exchange Act if: it has more than $ 10 million total assets; and the values are "registered" by 2,000 people or 500 people who are not accredited investors.
By agreeing to follow the rule of law, the United States can prevent abuses of power by leaders who might act as if they are above the law. Another important ancient Greek concept that influenced the formation of the United States government was the written constitution.
