Fact Pattern 7-1 College Bound, Inc., Markets Test and Study Prep Materials and Prep

question 11

Multiple Choice

Fact Pattern 7-1
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 7-1. 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:

Manchukuo

A puppet state in Northeast China and Inner Mongolia, established by Japan in 1932 and lasting until the end of World War II. It was part of Japan's imperialist expansion and occupation.

Pentagon

The United States Department of Defense's headquarters, a large office building near Washington, D.C., known for its distinctive pentagonal shape.

Decolonization

The process by which colonies gain independence from colonial powers, often through negotiations or conflict.