Fab Corporation previously issued 300,000 shares of its common stock. The shares are now actively traded on
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Fab Corporation previously issued 300,000 shares of its common stock. The shares are now actively traded on a national securities exchange. The original offering was exempt from registration under the Securities Act of 1933. Fab has $2,500,000 in assets and 425 shareholders. What is Fab Corporation required to do to comply with regulations? Why?
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