Under Regulation D of the Securities Act of 1933, which of the following conditions apply to private placement offerings? The securities
A. Cannot be sold for longer than a 6-month period.
B. Cannot be the subject of an immediate unregistered reoffering to the public.
C. Must be sold only to accredited institutional investors.
D. May be sold to no more than 20 purchasers who are not accredited investors.
Answer: B. Cannot be the subject of an immediate unregistered reoffering to the public.
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