Business, 07.05.2020 09:57 elisesnelson

San Francisco Scenic Cruises, Inc., a California corporation, offers local tours on several luxurious ships in and around the San Francisco Bay Area. The company sold 1,000 shares of stock to 100 Californian investors and intends to use the money to update its boats and provide additional amenities. If San Francisco Scenic Cruises did not register its security with the SEC, did it violate the 1933 Act?

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