Public offering is designed to offer securities for sale

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A corporation’s initial public offering is designed to offer securities for sale to officers and employees of the corporation before they are available to the general investing public.

The SEC interprets the term “security” narrowly, so that it may only regulate the most severe corporate offenders.

A person who refuses to disclose confidential information about a corporation should not buy or sell stock in the corporation before the information is released to the public.

Reference no: EM13968946

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