SIE Exam Question 232: Answer and Explanation

Question: 232

The term 'issuer' most often refers to:

• A. A corporation seeking to raise additional capital for expansion or modernization purposes
• B. A business that prints up securities certificates such as bonds and stocks
• C. A business that has satisfied the listing requirements of one or more approved stock exchanges
• D. A business, a municipality, or a federal governmental entity that is seeking to raise capital from the sale of securities.

Correct Answer: D

Explanation:

D: Whether one considers answers A, B, or C partially accurate, the last answer, D is the most complete therefore best answer.