Fact Pattern 28-1
College Bound, Inc., markets test and study prep materials and courses. College Bound wants to make an initial public offering of securities. The firm believes that it qualifies for an exemption under Regulation A from the full registration requirement of the Securities Act of 1933.
Refer to Fact Pattern 28-1. College Bound decides to sell its new securities via the Internet. Most likely, this offering?
A. ?will avoid high expenses.
B. ?is an investment scam.
C. ?is a Ponzi scheme.
D. ?constitutes insider trading.
Answer: A
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