REG MC Question – Securities Exch. Act of 1934

  • Creator
    Topic
  • #193661
    ibCPAsoon
    Member

    I am struggling understanding the answer 100%. Its one of those two column Yes / No all variety type.

    Link Corp. is subject to the reporting provisions of the Securities Exchange Act of 1934. Which of the following reports must be submitted to the SEC.

    COL 1: [Reports by any party making a tender offer to purchase. ]

    COL 2: [Report of Proxy Solicitations By Link Stockholders]

    A. YES YES

    B. NO NO

    C. NO YES

    D. YES NO

    The CORRECT answer per the computer was A – “YES YES”.

    I was leaning more towards NO YES simply because I thought it was tender offers over 5% and not ANY party as stated in the question and thus should have been No….

    Am I over thinking this?

    BEC - PASS JULY 2014
    FAR - PASS DEC 2014
    AUD - PASS FEB 2015
    REG - PASS MAY 2015

Viewing 2 replies - 1 through 2 (of 2 total)
  • Author
    Replies
  • #663726
    jstay
    Participant

    i got tripped up on this yesterday. The reason i was getting tripped up is because i thought the party making the tender offer had to report it, not the corporation that is the offeree.

    I dont know the 5% tripped you up, maybe you were thinking that the corp needs to report any 5% owners. or any officer with 10% ownership

    #663727
    MaLoTu
    Participant

    I thought No-Yes originally, too …

Viewing 2 replies - 1 through 2 (of 2 total)
  • The topic ‘REG MC Question – Securities Exch. Act of 1934’ is closed to new replies.