Which of the following statements concerning an initial intrastate securities offering made by an issuer residing in and doing business in that state is true?
A. The offering would be exempt from the registration requirements of the Securities Act of 1933.
B. The offering would be subject to the registration requirements of the Securities Exchange Act of 1934.
C. The offering would be regulated by the SEC.
D. The shares of the offering could not be resold to investors outside the state for at least 1 year.
Answer: A. The offering would be exempt from the registration requirements of the Securities Act of 1933.
You might also like to view...
According to your text, in question development, questions should be:
A) understandable, unambiguous, and unbiased B) easy, understandable, long, and appropriate C) appropriate, unbiased, and short D) understandable, attitudinal, loaded and unbiased E) leading but leading not only to desired answers
Detecting errors, such as a respondent ignoring an agree–disagree scale and simply writing in personal comments, requires physically examining the questionnaires
Indicate whether the statement is true or false