The Securities and Exchange Commission recognizes an issuer that is permitted to use Form S-03, thus disclosing even less detail in the 1933 Act registration, as a(n) ________.
A)nonreporting issuer
B)seasoned issuer
C)unseasoned issuer
D)well-known seasoned issuer

Question

Quizplus · Accepted Answer

Seasoned issuers are those with a sufficient track record of reporting under the Securities Exchange Act of 1934, allowing them to use simplified registration forms like Form S-3, which requires less detail than forms for newer issuers.

The Securities and Exchange Commission Recognizes an Issuer That Is