Under Section 12 of the Securities Exchange Act of 1934, in addition to companies whose securities are traded on a national exchange, what class of companies is subject to the SEC's continuous disclosure system?
a. Companies with annual revenues in excess of $5 million and 300 or more shareholders.
b. Companies with annual revenues in excess of $10 million and 500 or more shareholders.
c. Companies with assets in excess of $5 million and 300 or more shareholders.
d. Companies with assets in excess of $10 million and 500 or more shareholders.
Correct Ans - d
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