Which of the Following Securities Sales Must Be Registered

question 115

Multiple Choice

Which of the following securities sales must be registered?

• A)A sale of $450,000 in shares to 2,003 residents of Oklahoma and Arkansas
• B)A sale of $10,000,000 in shares to 353 U.S. residents
• C)A sale of $50,000,000 in shares to 10 institutional investors located around the United States
• D)A sale of $50,000,000 in shares to 10,000 residents of Arizona by a company doing business only in Arizona
• E)All of the above must be registered.

---

Definitions:

Bankruptcy Petition

is a formal request filed by an individual or business entity declaring inability to pay off debts, seeking relief under the bankruptcy laws.

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy is a legal process that allows individuals or businesses to discharge their debts by liquidating assets, providing a fresh start to the debtor.

Creditors

Individuals or entities to whom money is owed by a debtor.

The Trustee

An individual or organization appointed to administer the assets of a trust for the benefit of the beneficiaries according to the terms of the trust document.