Why Was Goldman Sachs Not Obligated to Disclose Its Position

question 94

Multiple Choice

Why was Goldman Sachs not obligated to disclose its position on securities it was marketing to its clients?

• A)Because the offerings were all exempt from the need for furnishing disclosures to investors.
• B)Because the offerings involved crowd funding.
• C)Because Goldman was using the 506 exemption.
• D)Because Goldman is not a 1934 Act registered company.

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Definitions:

Company's Objective

A set of goals or objectives that a company aims to achieve, which guide its internal strategy and decision-making processes.

Measurable

Capable of being precisely quantified or assessed, often used in the context of goals or performance indicators.

Concrete

a construction material composed of cement, aggregate (like sand and gravel), water, and often admixtures, used for building structures due to its strength.

Decision-making Process

The cognitive process resulting in the selection of a belief or a course of action among several possible alternatives.