Ellizon Fiber Optics, a publicly traded firm, has approximately 1200 shareholders and $32 million in assets. Given the specifications of the company, the Securities and Exchange Commission (SEC) mandates Ellizon Fiber Optics to:
A. pay commissions to the accredited investors.
B. undertake insider trading to make profit in business.
C. list its stocks in over-the-counter market as it can no longer be listed in NASDAQ.
D. file quarterly and annual financial reports with the SEC.
Answer: D
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