Before the Securities and Exchange Commission allows a firm to issue a public offering of new securities, what must be filed?
A) Incidents of insider trading
B) A prospectus
C) The firm's history of reinvesting retained earning
D) A statement of equity financing to be used
E) The firm's corporate bond rating
Answer: B
Explanation: B) The SEC regulates the public offering of new securities by requiring that all companies file prospectuses before proposed offerings commence.
Business
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