Ellizon Fiber Optics, a publicly traded firm, has approximately 1200 shareholders and $32 million in assets. Given the specifica

Question

2 years ago

11

Ellizon Fiber Optics, a publicly traded firm, has approximately 1200 shareholders and $32 million in assets. Given the specifica

tions of the company, the Securities and Exchange Commission (SEC) mandates Ellizon Fiber Optics to:
a. pay commissions to the accredited investors.
b. undertake insider trading to make profit in business.
c. list its stocks in over-the-counter market as it can no longer be listed in NASDAQ.
d. file quarterly and annual financial reports with the SEC.

Business

1 answer:

ASHA 777 [7] · Answer 1 · 2023-08-12T06:51:58+03:00

Answer:

The correct option is D,file quarterly and annual financial reports with the SEC

Explanation:

Accredited investor are high net worth businesses or individuals who trade in securities that are not registered with Securities and Exchange Commission,Ellison Fiber Optics does not require accredited investors as it is publicly traded company registered with SEC.

Insider dealing is an offence the world over,hence the company can be condoned by SEC for taking part in insider dealing.

Company like this are mandated to file returns quarterly and annually.