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NEW QUESTION: 2
Which of the following is not one of the criteria for a security to be eligible for registration by notification?
A. The issuer must have a net worth of $4 million, or its net income before tax for at least two of the
B. The issuer must have preferred stockholders as well as common stockholders.
C. The issuer must never have defaulted on any bond or long-term lease obligation.
D. If the security to be issued is an equity interest in the firm, its offer price has to be at least $5 a
Answer: B
Explanation:
Explanation/Reference:
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