3. Which types of companies must register with the SEC?
a.
Companies with over 500 or more owners.
b.
Companies with total assets of $10 million.
c.
Companies with total assets exceeding $10 million and with 500 or more owners.
d.
None of the above.
4. Explain Blue Sky laws.
5. Distinguish between primary markets and secondary markets.
6. Define insider trading.
7. All of the following are considered reports required by the Securities Exchange Act of 1934 except:
a.
Form 8k.
b.
Form 10 k.
c.
Form 10Q.
d.
All of the above.
8. Corporate insiders include officers, directors, and beneficial owners who own _____ % of a class of securities
registered under Section 12 of the Securities Exchange Act of 1934.
a.
5.
b.
10.
c.
15.
d.
20.
9. Explain Schedule 13D.
10. What’s the purpose of Proxy Statements?
Endnotes
Fischel, D. R. (1981). Secondary Liability under Section 10 (b) of the Securities Act of 1934. California Law
Review, 69(1), 80–111.
Hanna, J. (1934). The Securities Exchange Act of 1934. California Law Review, 1–29.
Horwitz, B., & Kolodny, R. (1977). Line of business reporting and security prices: An analysis of an SEC
disclosure rule. The Bell Journal of Economics, 234–249.
Jaffe, J. F. (1974). Special information and insider trading. The Journal of Business, 47(3), 410–428.
SEC charges Martha Stewart, Peter Bacanovic with illegal insider trading. U.S. Securities and Exchange
Commission. Retrieved from: https://www.sec.gov/news/press/2003-69.htm.
Myers, M. (1994). Rhetoric Hewn by Audience and History: The Evolution of the Annual Report as a Business
Document. Retrieved from: https://files.eric.ed.gov/fulltext/ED370138.pdf.
What’s the deal with Regulation M. Latham & Watkins Capital Markets Group. Retrieved from:
https://www.lw.com/thoughtLeadership/regulation-m-guide-faq.
Engle, E. (2006). What you don’t know can hurt you: human rights, shareholder activism and SEC reporting
requirements. Syracuse Law. Review, 57, 63.
If you had invested right after facebook’s IPO (FB, TWTR). Investopedia. Retrieved from:
Chapter 14 Securities Regulation
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