Even If the Initial Sale of Securities Is Exempt from SEC

question 17

True/False

Even if the initial sale of securities is exempt from SEC registration, the securities are never exempt from the securities law.

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Definitions:

Model of Communication

A theoretical framework that describes how information is transmitted and received between communicators.

Type of Organization

Classifications of organizations based on structure, purpose, and objectives, such as nonprofit, for-profit, governmental, and nongovernmental.

Multiunit Organizations

Entities that operate across multiple physical locations or units, often to help achieve broader objectives than those possible through a single-unit operation.

Virtual Organizations

Enterprises that operate primarily online without a traditional physical presence, relying on electronic means for collaboration and operation.