The JOBS Act of 2012 Does Not Provide for Which

question 60

Multiple Choice

The JOBS Act of 2012 does not provide for which of the following?

• A)establishes a new business classification called "Emerging Growth Company"
• B)lifts restrictions on general solicitation and advertising for Regulation D 506 accredited investor offerings
• C)changes the maximum amount to be raised under a Regulation A-like offering to $50 million
• D)prohibits the use of securities crowdfunding for the sale of securities

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Definitions:

Principal Amount

This is the original sum of money borrowed in a loan or put into an investment, not including any interest or dividends.

Invested

Describes the act of allocating resources, usually money, into something to earn income or gain profits.

Surplus Funds

Excess of income or assets remaining after all expenses and obligations have been met.

Disputed Account

A financial account or transaction that is contested or challenged due to disagreements between the parties involved over its accuracy or legitimacy.