Multiple Choice
If a company has assets of over $10 million but trades its stock over the counter, it is nevertheless required to comply with the 1934 Act if it has:
A) 500 or more shareholders.
B) one class of stock with 500 or more shareholders.
C) 500 or more shares of stock outstanding.
D) 500 different investors.
Correct Answer:
Verified
Correct Answer:
Verified
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