Which of the Following Are Exemptions for Non-Issuers

question 18

Multiple Choice

Which of the following are exemptions for non-issuers?

• A) Securities up to $1.5 million in any 12-month period if compliance with Regulation A is achieved.
• B) Sales of restricted or nonrestricted securities by affiliates.
• C) Resales of restricted securities acquired under Regulation D.
• D) The 1933 Act offers no exemptions from registration for sales by non-issuers.

---

Definitions:

Specialize

The process by which individuals or entities concentrate on producing a limited scope of goods or services to gain efficiency or quality improvements.

Productivity

A measure of the efficiency of production, often calculated as the ratio of outputs produced to inputs used in the production process.

Trade

The act of buying, selling, or exchanging commodities within domestic or international markets.

Mutually Beneficial

A scenario where all parties involved gain advantages or benefits from an arrangement or transaction.