Bank Kiy tnterprises. Ariana bought the stock when it was first issued, and the offering was required to be registered with the Securibies and Exchange Commieshon fCEC becaure the securtios were traded on the New York Stock Dxchange. Ariana oflers to sell her $50$ shares to Edwardo. Does the sale between Arians and Edwardo have to be regostered with the SEC?

Yes, it must be regitered becaurje the securibies ace traded on the New York Stock Exchange.

Yes, it munt be regotered becavie the onginal offering was required to be reghatered with the SrC

No$,$ it is not required becaune the securnies are traded on the New York Sood Gechange.

No$,$ the average investor who reselh shares of stock does not have to flie a reghtration stabement wath the SLC$.$