Examlex
Which of the following statements is true?
Regulation A
An exemption under the Securities Act allowing smaller companies to offer and sell up to $50 million of securities in a 12-month period, subject to less stringent reporting requirements.
Resold
Refers to the action of selling something that has already been bought; involves the subsequent or secondhand sale of an item or property.
Securities Act of 1934
The Securities Act of 1934 is a U.S. federal law that primarily governs the trading of securities after the initial sale, establishing rules for transactions, the disclosure process, and the prevention of fraud.
SEC Rule 144
A regulation set by the Securities and Exchange Commission that outlines conditions under which restricted, unregistered, and control securities can be sold or offered for sale.
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