The Act of 1933 requires that a new issue, unless specifically exempted from the Act, must be _____________ before public sale. All investors must receive a detailed disclosure document known as a _____________ prior to purchase.
a. Registered with the Securities and Exchange Commission (SEC), prospectus
b. Approved by the Federal Reserve, prospectus
c. Approved by the FDIC, disclosure form
d. Exempted from the Act, registration statement

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