The Securities Act of 1933 provides an exemption from registration for offers and sales of securities made only to accredited investors. Federal securities laws and regulations are violated if the exemption is claimed and
A. Offers and sales are made to more than 100 accredited investors.
B. Resale of the securities is restricted.
C. The SEC is not informed of exempt sales.
D. No information is given to investors.
Answer: C. The SEC is not informed of exempt sales.
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