Registration of open-end investment company shares with the SEC implies that the:
A)shares have investment merit
B)SEC approves the issue
C)SEC guarantees the accuracy of the disclosures in the registration statement
D)prospectus contains the significant facts about the issue

Question

Quizplus · Accepted Answer

prospectus contains the significant facts about the issue. The SEC never approves of guarantees an issue. It only attempts to verify that sufficient information is disclosed in the prospectus.

Registration of Open-End Investment Company Shares with the SEC Implies