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The Securities Exchange Act of 1934 requires all publicly traded firms with at least _______ and _______ in assets to file quarterly and annual financial reports with the SEC.

A. 200 shareholders; [tex]$20 million
B. 250 shareholders; $[/tex]15 million
C. 100 shareholders; [tex]$10 million
D. 500 shareholders; $[/tex]10 million

Sagot :

GinnyAnswer
The Securities Exchange Act of 1934 sets specific requirements for publicly traded firms to disclose their financial information with the Securities and Exchange Commission (SEC). According to these requirements:

1. The firm must have a certain minimum number of shareholders.
2. The firm must possess assets valued at a certain minimum amount.

Based on the provided requirements:

1. The firm must have at least 500 shareholders.
2. The firm must have at least [tex]$10 million in assets. Upon reviewing the different options provided: - 200 shareholders; $[/tex]20 million
- 250 shareholders; [tex]$15 million - 100 shareholders; $[/tex]10 million
- 500 shareholders; [tex]$10 million We can determine that the correct answer, which meets both the criteria stated above, is: 500 shareholders; $[/tex]10 million

Therefore, publicly traded firms with at least 500 shareholders and $10 million in assets are required to file quarterly and annual financial reports with the SEC.
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