A company must agree to notify the New York Stock Exchange promptly if which of the following several enumerated events occur:

Question

Options

• Aany change in the general character or nature of its business
• Bany change of officers or directors
• Cany change in its independent public accountants
• DAll of the above

• A
  10% (4)
• B
  17% (7)
• C
  2% (1)
• D
  71% (30)

Explanation

Option D is correct because NYSE-listed companies are subject to comprehensive disclosure obligations under NYSE Listed Company Manual Section 204, requiring prompt notification of all three enumerated events - changes in business character, changes in officers/directors, and changes in independent auditors. Options A, B, and C are not wrong statements on their own; the error in selecting any single one is that it presents only a partial picture of the notification requirements, making it an incomplete answer. Each event independently triggers the prompt-notification duty, so no single option captures the full scope of the rule.

Memory tip: Think of the three pillars of NYSE transparency - What you do (business character), Who runs it (officers/directors), and Who audits it (accountants). If any pillar changes, the NYSE must know promptly. Whenever you see "all of the following" as an option in a compliance question listing multiple disclosure triggers, it's often correct because regulators tend to cast wide nets.

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