Fact Pattern 21-3 Yolanda Has Filed the Registration Statement, in Connection with a Connection

question 20

Multiple Choice

Fact Pattern 21-3
Yolanda has filed the registration statement, in connection with a public offering of stock in ABC Corgi, a company dedicated to the production of clothing and toys highlighting the highly prized Welsh Corgi breed of dog. The registration statement is not yet effective. Yolanda would like to move forward with promoting the company as much as possible. She asks for advice regarding activities in which she could legally participate. She is particularly interested in making presentations to large institutional investors.
-Refer to fact pattern 21-3. Which of the following are true regarding selling efforts to institutional investors during this period.

• A) Such efforts are called roadshows and are legal so long as SEC requirements are followed.
• B) Such efforts are an illegal type of promotion referenced as selling promotions.
• C) Such efforts are called concerted sales and are legal so long as the SEC gives prior approval.
• D) Such efforts are simply called felonies and can result in fines as well as jail time.