Fact Pattern 42-1 ​

question 9

Multiple Choice

Fact Pattern 42-1 ​
College Bound, Inc., markets test and study prep materials and courses. College Bound wants to make an initial public offering of securities. The firm believes that it qualifies for an exemption under Regulation A from the full registration requirement of the Securities Act of 1933.
-Refer to Fact Pattern 42-1. If College Bound is exempt from the federal registration requirement, the firm is​

• A) ​automatically exempt from any state registration requirement.
• B) ​not subject to any state securities laws.
• C) ​not necessarily exempt under a state registration requirement.
• D) ​automatically subject to all state registration requirements.

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Definitions:

Labour Law

The body of laws, administrative rulings, and precedents which address the legal rights of, and restrictions on, working people and their organizations.

Manager

A person responsible for controlling or administering an organization or group of staff.

Appropriate Defence

Strategies or actions taken by individuals or groups to protect themselves against criticism, legal actions, or other threats.

Organizing Drive

The process undertaken by trade unions or workers to gain recognition for collective bargaining purposes, typically involving campaigning and gaining support from a workforce.