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Question
Identify the correct statement about the Securities Act of 1933.
A. It allows interstate offering of a new security until a registration statement has been filed with and approved by the Securities and Exchange Commission.
B. It ensures partial disclosure of material facts about the investment opportunity to offerees.
C. It does not guarantee the economic merits of any investment opportunity.
D. It gives the Securities and Exchange Commission the power to suspend trading if it suspects price manipulation.
Answer
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