While Section 42) Does Not Limit the Dollar Amount of an Offering

question 1

Multiple Choice

While Section 42) does not limit the dollar amount of an offering, the interpretation of the law has stipulated that:

• A) the investors must be sophisticated
• B) the number of investors must be limited to 35
• C) the funds must be raised within a 12-month period
• D) the offering must be extended to the public, and not only investors who have a relationship with the issuer

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