Mod 24 Wrong Answers Flashcards Preview

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Flashcards in Mod 24 Wrong Answers Deck (13):
0

If no exemption is applicable under the Securities Act of 1933, public offerings must...

Be registered with the SEC accompanied by a prospectus

1

A prospectus is given to...

Prospective purchasers of securities

2

The prospectus is part of...

The registration statement

3

The private placement exemption permits...

Sales of an unlimited number of securities for any dollar amount
When sold to accredited investors

4

Private placement exemption allows sales to up to...

35 nonaccredited investors if they are also sophisticated investors under the Act

5

Resales of private placement securities are restricted...

2 years after date that issuer sells last of the securities

6

Rule 506 permits sales to...

35 unaccredited investors and to unlimited number of accredited investors

7

The unaccredited investors must also be...

Sophisticated investors

8

Sophisticated investors

Individuals with knowledge and experience in financial matters

9

Under Rule 504 of Regulation D, what is permitted? 2

General offerings and solicitations are permitted

10

Under 504 Regulation D, the issuer need not...

Restrict the purchasers' right to resell

11

Under the Securities Exchange Act of 1934 applies if...

Interstate commerce or mail is used

12

Under the Securities Exchange Act of 1934, any purchaser of...

More than 5% of a class of equity securities must file a report with
The SEC

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