Which of the following is true of registration of securities under the Securities Act of 1933?
A) The act authorizes the Securities and Exchange Commission to decide whether or not a public offering of stock is meritorious and should be sold to the public.
B) The prospectus of a registration statement does not include pending lawsuits.
C) The registration statement provides the use to be made of the funds garnered by a public offering of stock and the risks involved for investors.
D) Part II of a registration statement is given to prospective buyers, but it is not open for public inspection at the Securities and Exchange Commission.
C
Business