Under the Securities Act of 1933, Subject to Some Exceptions

Multiple Choice

Under the Securities Act of 1933, subject to some exceptions and limitations, it is unlawful to use the mails or instruments of interstate commerce to sell or offer to sell a security to the public unless

A) A surety bond sufficient to cover potential liability to investors is obtained and filed with the Securities and Exchange Commission
B) The offer is made through underwriters qualified to offer the securities on a nationwide basis
C) A registration statement has been properly filed with the Securities and Exchange Commission, has been found to be acceptable, and is in effect
D) The Securities and Exchange Commission approves of the financial merit of the offering