The statement that is is true concerning the company’s requirement to report to the SEC is that they a)Required to report major business developments and must file annual and quarterly financial reports.
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What is sec?</h3>
SEC serves as the organization that protects investors through enforcement of nation's securities laws, against wrongdoers, and overseeing our securities markets .
Therefore, option A is correct.
Other options for the question are:
a)Required to report major business developments and must file annual and quarterly financial reports.
b)Not required to report information to the SEC.
c)Requirement to file depends on the company’s assets and shareholder base.
d)Must file annual and quarterly financial reports
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Answer:
procedural law is also known as adjective law or formal law because the law governing the machinery of the courts and the methods by which both the state and the individual (the latter including groups, whether incorporated or not) enforce their rights in the several courts.
