In the Context of the Primary Securities Market, in a Private

question 54

Multiple Choice

In the context of the primary securities market, in a private placement, _____.

• A) the pool of potential investors is not limited to accredited investors
• B) the process of raising capital is complex and more expensive than public offerings
• C) it is mandatory to register with the Securities and Exchange Commission
• D) financing can be obtained without having to prepare complex registration documents

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Definitions:

Japanese

Japanese refers to anything related to Japan, including its language, culture, or citizens.

Reasonable Time

An undefined period which is fair and appropriate under the circumstances for the performance of a certain action or fulfillment of a duty in a legal context.

Offer Expired

A situation where a proposal for a contract or agreement has reached its time limit without acceptance, rendering it void.

Communicating Acceptance

The process by which the party to whom an offer has been made notifies the offeror that they accept the terms of the offer.