Distinguish between nonissuer exemption, intrastate offering exemption, and private placement exemption

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Nonissuer exemption refers to an exemption from registration which states that securities transactions not made by an issuer, an underwriter, or a dealer do not have to be registered with the SEC. Intrastate offering exemption is an exemption from registration that permits local businesses to raise capital from local investors to be used in the local economy without the need to register with the SEC. Private placement exemption is an exemption from registration that permits issuers to raise capital from an unlimited number of accredited investors and no more than thirty-five nonaccredited investors without having to register the offering with the SEC.

Business

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Headings Justified right margins Underlining

Business

Under U.S. law, the ____ is forbidden to be broadcast directly to American citizens

A. TOA B. VOA C. DOA D. BOA

Business