Rule 501 of Regulation D Expands the Categories of Accredited

question 63

Multiple Choice

Rule 501 of Regulation D expands the categories of accredited investors. Which of the following is not one of the categories?

• A)any organization formed for the specific purpose of acquiring securities with assets in excess of $5 million
• B)any director or executive officer of the issuer of securities being sold
• C)any individual whose net worth exceeds $1 million
• D)any partnership

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Definitions:

Phagocytes

Cells that protect the body by ingesting harmful foreign particles, bacteria, and dead or dying cells.

Venous Circulation

Venous circulation refers to the system of veins and venules that return deoxygenated blood from the body back to the heart.

Cisterna Chyli

A dilated sac at the lower end of the thoracic duct into which lymph from the intestinal trunk and two lumbar lymphatic trunks flow.

Subclavian Veins

The subclavian veins are major veins located under the collarbone that transport blood from the arms and the upper thorax back to the heart.