Question

Which of the following is the most accurate statement about Schedule 13D?

(A) Schedule 13D is filed by entities that acquire a beneficial ownership of more than 5 percent of a class of registered equity securities.
(B) Schedule 13D is a form used to broadly report material information about a company's shareholders to the public.
(C) Schedule 13D must be filed within 10 days of a person or group acquiring more than 5 percent of a class of registered equity securities.
(D) Schedule 13D is required to be filed with the Securities and Exchange Commission (SEC).

Answer 1

The most accurate statement about Schedule 13D is that it must be filed within 10 days of acquiring more than 5 percent ownership of a class of registered equity securities.

Step-by-step explanation:

(C) Schedule 13D must be filed within 10 days of a person or group acquiring more than 5 percent of a class of registered equity securities.

Schedule 13D is a filing required by the Securities and Exchange Commission (SEC) for any person or group that acquires more than 5 percent of a class of registered equity securities. It provides information about the acquirer's identity, background, and purpose of the acquisition.

Option (C) is the most accurate statement because Schedule 13D must be filed within 10 days of acquiring the ownership greater than 5 percent, ensuring prompt disclosure to the public.