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16 June, 20:17

Under the new securities rules issued under the JOBS Act, which of the following companies would need to register its securities under the 1934 Securities Exchange Act for purposes of periodic reporting? a. A company with $5 million in assets and 2,000 shareholders. b. A company with $10 million in assets and 1,500 shareholders. c. A company with $10 million in assets, 2,000 shareholders, and 550 non-accredited shareholders. d. A company with $10 million in assets. 2,000 shareholders, and 500 non-accredited investors.

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  1. 16 June, 23:57
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    d. A company with 10 million in assets. 2,000 shareholders and 500 non-accredited investors

    Explanation:

    As a result of the statutory changes, an issuer other than a bank, a bank holding company or a loan and savings company is required to register a capital stock class under the Exchange Act if: it has more than $ 10 million total assets; and the values are "registered" by 2,000 people or 500 people who are not accredited investors.
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