Which of the following issuers must register securities with the Securities and Exchange Commission $($SEC$)$ under the Securities Exchange Act of $1934$

Multiple Choice

An issuer with total assets of $$8$ million, whose stocks are traded in intrastate commerce and are held by $400$ holders

An issuer with total assets of $$12$ million, whose debentures are traded in interstate commerce and are held by $600$ holders

An issuer with total assets of $$9$ million, whose stocks are traded in intrastate commerce and are held by $700$ holders

An issuer with total assets of $$14$ million, whose debentures are traded in interstate commerce and are held by $300$ holders