Question

Non-exempt issuers are required to file registration statements with which of the following entities under the 1933 Act?
[A] Such issuers must file with the state in which the business is located.
[B] Such issuers must file with the state in which the securities will be sold.
[C] Such issuers must file with the Securities Exchange Commission (SEC).
[D] Such issuers must file with the Financial Industry Regulatory Authority (FINRA).

Answer 1

Answer:

The correct option is C (Such issuers must file with the Securities Exchange Commission (SEC))

Explanation:

Non-exempt issuers are considered as normal issuers under the Securities Act of 1933. Hence there must be registration done with the SEC as stated under the Security Act of 1933 for issuers that are not exempted.