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Countdown Corporation issued $15,000,000 of new securities to finance expansion in overseas markets. The entire block of securities was sold to Magna Insurance and Pension Group without the filing of a registration statement. Resale of the securities by Magna to the general public:

A) Is unrestricted.

B) Would be unlawful because the original sale to Magna was in violation of the Securities Act of 1933.

C) May be made if a registration statement is first put into effect.

D) Can be made without restriction after one year from the original sale to Magna.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92410274

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