The broker does not send a prospectus with the stock. The sale is a violation of S 5 because it occurs only 2 weeks after the effective date, and the broker did not send a prospectus. None of the above statements is true. Arbitrage buys some stock from these other dealers for its own account. Arbitrage then solicits additional orders from customers, and when it receives a buy order, sells the customer stock from its own account.
Arbitrage sends out no prospectus with either the solicitation of orders or the stock certificates.
The sale is a violation of S 5 because it occurs only 45 days after the effective date, and Arbitrage did not send a prospectus. None of the above statements is true. 9- 15 identify the correct statement. Vera Riche owns a catering business in Arkansas. All proceeds will be used to buy new equipment in 10.