Q:
If ABC corporation, which is listed on the New York Stock Exchange, plans to distribute a stock dividend to current shareholders, which of the following statements is true?
A) ABC must file a registration by qualification with the Administrator
B) ABC must file a registration by coordination with the Administrator
C) ABC must file a registration by filing with the Administrator
D) ABC does not have to file any registration with the Administrator because the transaction is exempt.
A:
The correct answer is d).

This transaction would qualify under two different exemptions – the first because it is an exchange listed stock and the second because no commissions or other compensation is involved with a stock dividend.


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RELATED TERMS
  1. SEC Form D

    A filing with the Securities and Exchange Commission (SEC) required ...
  2. SEC Form 1

    An application for and amendments to an application for registration ...
  3. Piggyback Registration Rights

    A form of registration rights that grants the investor the right ...
  4. Exempt Transaction

    A type of securities transaction where a business does not need ...
  5. SEC Form SP15D2

    A form that concerns the filing of a special financial report ...
  6. SEC RW Filing

    This filing is made by companies which have already filed to ...

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