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Question
Which of the following is true of the Securities Act of 1933?
A. It guarantees the economic merits of any investment opportunity.
B. It prohibits full disclosure of all material facts about the investment opportunity to offerees before they invest.
C. It forbids any interstate offering of a new security until a registration statement has been filed with and approved by the Securities and Exchange Commission.
D. The Securities and Exchange Commission has repealed the 1933 Acts prescribed relationship between solicitation or sales of a security and the registration process.
Answer
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