Harrison Corporation is a public company whose shares are traded in the public securities markets. Harrison is considered a well-known seasoned issuer of stock. If Harrison decides to make another public offering of stock to potential investors, under the 1933 Securities Act, the company:

1. wait for SEC approval of their registration statement before issuing the new stock to the public

2. must prevent insiders from trading among themselves.

3. must impose increased responsibility on corporate executives.

4. can file a registration statement with the SEC at the same time they offer their stock to the public for sale.