Pix Corp. is making a $6 million private placement stock offering. It is subject to Rule 506 under Regulation D of the Securities Act of 1933. The securities must be sold
A. To no more than 35 purchasers.
B. To no more than 35 purchasers who are not accredited investors.
C. Only to accredited investors.
D. Only to purchasers who are not accredited investors.
Answer: B. To no more than 35 purchasers who are not accredited investors.
Business
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