Series 79 practice questioneasyGoing-Private Transactions
Which SEC rule governs disclosures in going-private transactions involving affiliates of a public company?
- ARule 13e-3✓ Correct answer
- BRule 14a-9
- CRegulation S-K
- DRule 10b-5
Explanation
Why A — Rule 13e-3
Rule 13e-3 governs going-private transactions involving affiliates, requiring comprehensive disclosures about fairness and conflicts. Confusing this for proxy or anti-fraud rules could lead to compliance errors.
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