True or False?

1 - A registration statement must include a financial statement certified by an independent public accounting firm.

2 - A registration statement must state how a corporation plans to use the proceeds from the sale of the securities.

3 - Before filing a registration statement, an issuer must attempt to sell, or at least offer to sell, the securities.

4 - Sales of securities must occur within twenty days of the filing of a registration statement.

5 - Generally, stock offerings that involve a small dollar amount are not exempt from securities registration requirements.

6 - Willful violations of the Securities Act of 1933 may be subject to criminal prosecution.

7 - SEC Rule 10b-5 can apply in virtually any case involving the trading of securities.

8 - Buying or selling securities on the basis of nonpublic information is illegal only if the profit from the transaction is unreasonable.

9 - Corporate governance can be defined as the relationship between a corporation and its shareholders.