Which SEC Regulation Took Effect in 1982 and Provides the Basis

question 68

Multiple Choice

Which SEC Regulation took effect in 1982 and provides the basis for "safe harbor" as a private placement?

• A) Regulation A
• B) Regulation B
• C) Regulation C
• D) Regulation D
• E) Regulation E

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Definitions:

Tax Shelters

Legal strategies used to minimize or decrease one's taxable income, thereby reducing the tax liability.

Sarbanes-Oxley Act

A United States federal law established in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations.

Securities and Exchange Commission

A U.S. government agency that oversees securities transactions, activities of financial professionals and mutual fund trading to prevent fraud and intentional deception.

Referral System

A structured way of encouraging people to recommend a business's products or services to others, often rewarded with incentives.