The correct answer is C) IV only.
The State Administrator is empowered to require the filing of advertising and sales literature relating to offers of Equity securities.
We are talking about the information that refers to common financial assets or common stocks. Here we can include money market instruments and fixed-income investments. In business, a company has financial assets that are the shares of the organization. So people who invest in the company own their shares of equity securities. That is how they financially participate in the ownership of the corporation.