To raise $12 million to expand operations, Star Corporation makes a stock offering directly to sixty accredited investors and twenty sophisticated, but unaccredited investors. Star plans to notify the SEC of sales. Under the Securities Act of 1933, this issue may qualify as an "exempt" transaction
A. as is.
B. if all of the investors are also given certain material information.
C. if the offering is also made available to the general public.
D. under no circumstances.
Answer: B
You might also like to view...
From least to most serious, crimes are classified as follows
A. felonies/misdemeanors/infractions. B. misdemeanors/infractions/felonies. C. infractions/misdemeanors/felonies. D. infractions/felonies/misdemeanors.
Workers' compensation provides insurance for employees who suffer a job- related illness or injury
Indicate whether the statement is true or false
In your text your authors discuss how research was conducted by the disposable diaper industry that demonstrated that disposable diapers were no more harmful on the environment than cloth diapers. The cloth diaper industry found just the opposite
The point of this example is: A) research studies are always objective and are conducted to provide the truth B) when evaluating research studies you should understand that some studies are conducted with a clear purpose in mind to "prove" some position or advance some special interest C) chambers of commerce have always been able to clear up discrepancies between research studies D) if you are really concerned about the environment, don't wear any type of diaper E) secondary data be discarded because those collecting it always have a hidden agenda
Target customers choosing a particular brand over other brands because of habit or favorable past experience have a brand familiarity level of
A. brand knowledge. B. brand insistence. C. brand recognition. D. brand preference. E. brand positioning.