An honest effort to meet both the spirit and letter of the contract is termed

Under the Securities Act of 1933, an issuer that makes an initial offering of securities must give a prospectus to each potential investor. Which of the following violates federal securities laws and regulations?

A. The prospectus is not physically delivered. B. An issuer continues to publish forward-looking information. C. Any issuer may communicate a free-writing prospectus at any time. D. Any issuer may continue to communicate fact-based business information not intended for investment purposes.

Unsatisfactory responses from collected data may be discarded when the proportion of unsatisfactory respondents is 20 percent to 30 percent

Indicate whether the statement is true or false