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Fancorp regularly trades in securities on a national exchange. Which of the following is true concerning the company's requirement to report to the SEC? Required

Fancorp regularly trades in securitieson a national exchange.Which of the following is true concerning the company's requirement to report to the SEC?

  • Required to report major business developments and must file annual and quarterly financial reports.
  • Not required to report information to the SEC.
  • Must file annual and quarterly financial reports; no other requirements

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