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Statutory Insiders
Individuals or entities, such as directors, officers, or major shareholders, who have access to a company's internal information, making them subject to specific legal requirements and restrictions.
1934 Act
Refers to the Securities Exchange Act of 1934, a U.S. federal law that governs the trading of securities in the secondary market, establishes the Securities and Exchange Commission, and lays down rules for exchanges and broker-dealers.
Rule 506
A provision under Regulation D of the U.S. Securities Act, allowing companies to raise an unlimited amount of money without registering the securities with the SEC, under certain conditions.
Accredited Investors
Individuals or entities that meet certain financial criteria, qualifying them to invest in securities not registered with financial authorities.
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Q298: x increased by six<br>A) 6<br>B) x +