Regulation D of the Securities Act of 1933 provides a private placement exemption from registration of a securities offering. Federal securities laws and regulations are violated if the securities are sold
A. For longer than a 6-month period.
B. In an immediate unregistered reoffering to the public.
C. To 25 nonaccredited investors.
D. To no more than 35 accredited investors.
Answer: B. In an immediate unregistered reoffering to the public.
Business
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