In: Accounting
Under the Securities Act of 1933, which of the following securities must be registered?
a. Bonds of a railroad corporation.
b. Common stock of an insurance corporation.
c. Preferred stock of a domestic bank corporation.
d. Long-term notes of a charitable corporation.
The Securities Act of 1933 was the first federal legislation used to regulate the stock market. Thus when issuing common stock in an IPO, registration is mandatory,
b. Common stock of an insurance corporation.