Learn about the requirements to register securities before they are offered to the public.
In this lesson, we’ll learn about the requirements to register securities before they’re offered to the public.
I. Registering Public Offerings
Section 5 of the Securities Act requires that unless there’s an exemption, securities can’t be sold or delivered without there being a registration statement on file with the SEC that’s become effective. Section 5 also prohibits the offering of securities until a registration statement’s been filed with the SEC.
Public offerings are registered by filing...