To meet ongoing reporting requirements of the Securities Exchange Act of 1934, a company files an application to list its securities on a national securities exchange. Once the exchange has approved the company's listing
A) securities must be separately registered with the SEC under a 10-K filing
B) securities are considered to be registered with the SEC
C) securities may begin trading after a 90-day waiting period
D) at least one quarterly report must be filed before securities can begin trading
Answer: B