Team building is a common method of improving relationships within a group

Which of the following is not exempt from registration with the SEC under the Securities Act of 1933?

A. Securities issued by a nonprofit religious organization. B. Securities issued by a government unit. C. A public offering of $40 million to unaccredited investors under Regulation A. D. An offering to 40 sophisticated investors.

Visual elements are an effective way to replace text

Indicate whether the statement is true or false.