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When would a letter of comments be issued by the SEC?To request clarification of a registration statement.To convey your pertinent comments to the SEC.In response to a company's filing of Form 8-K.After receiving the company's Form 10-K.To indicate that a registration statement has been approved.A proxy statement must be filed with the SEC at least how many days before being distributed?Multiple Choicea. 30 days.b. 60 days.c. 10 days.d. 90 days.e. 7 days.

Respuesta :

Myth8

Answer: C

10 days

Explanation:

A letter of comments is issued by the Security and Exchange Commission when they identify issues that can be improved on by a firm in order to improve its financial disclosures. All firms that are issued a comment letter must respond to them until its satisfies the requirement of the Exchange. This letter typically has a response period of 10 days, although it can be increased by a counsel call by the firm's management to SEC.

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