LPCO intends to sell securities. It is organized in the state where it carries on all of its business activities. If LPCO offers the securities in reliance on Rule 147, which of the following is a violation of federal securities laws and regulations?

A. LPCO makes unlimited offers to nonresidents.
B. The offering exceeds $5 million.
C. Interstate distribution is prevented.
D. The number of purchasers exceeds 100.

Answer: A. LPCO makes unlimited offers to nonresidents.

Business

You might also like to view...

The distance that I zoning ordinance requires between our properties boundaries and it's improvements is

A) a buffer zone. B) range. C) frontage. D) setback.

View

Business

In IBM's BANT acronym, T stands for ________

A) touch B) tempt C) team D) timeline E) turn over

View

Business