Which of the Following Is True of Registration of Securities

Multiple Choice

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.