Asked by Shelby Wilcox on May 22, 2024

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Grain Mills Corporation is required to register its securities under Section 12 of the Securities Exchange Act of 1934. Section 14(a) of the act regulates

A) the declaration of dividends by the firm's board of directors.
B) the later re-registration of the firm's securities.
C) the short-swing activities of the firm's insiders.
D) the solicitation of proxies from the firm's shareholders.

Securities Exchange Act

A U.S. law enacted in 1934 to govern the trading of securities, such as stocks and bonds, aimed at protecting investors from fraud.

Solicitation of Proxies

The process by which shareholders are asked to delegate their voting power to representatives to vote on their behalf at shareholder meetings.

Section 12

A specific segment or part within a legal document or statute that addresses a particular point of law.

  • Comprehend the essential elements and obligations stipulated by the Securities Exchange Act of 1934 and the Sarbanes-Oxley Act of 2002.
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Kaitlin O'ReillyMay 25, 2024
Final Answer :
D
Explanation :
Section 14(a) of the Securities Exchange Act of 1934 regulates the solicitation of proxies from a firm's shareholders, ensuring transparency and fairness in the process of proxy voting.