The federal Securities Act of 1933 has certain requirements for those selling new issues. One of those requirements is to:
A) deliver a copy of the prospectus prior to the sale.
B) be properly licensed prior to making the offering.
C) deliver a final prospectus no later than with confirmation of the sale.
D) deliver a preliminary prospectus to any person who has purchased the new issue.
Answer: C) deliver a final prospectus no later than with confirmation of the sale.