Shares of stock are "securities" and as such are subject to federal and state regulation of their offer and sale.

股份属于“证券”，因而其发行和要受联邦和州的管理。

youdao

Shares of stock are "securities" and as such are subject to federal and state regulation of their offer and sale.

股份属于“证券”，因而其发行和要受联邦和州的管理。

youdao