Fact Pattern 37-1

question 20

Multiple Choice

Fact Pattern 37-1
Fresh Cream, Inc., wants to make an initial public offering of securi?ties. Fresh believes that it qualifies for an exemption under Regulation A from the full registration requirement of the federal Securities Act of 1933.
-Refer to Fact Pattern 37-1. If Fresh is exempt from the federal registration requirement, Fresh 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:

Disaster

A sudden event, such as an accident or a natural catastrophe, that causes great damage or loss of life.

Labor Force

The total number of people employed or actively seeking employment in a given economic or geographical area.

Older Adults

Individuals who are in the later stage of life, often defined as being 65 years old or older.

Grief

The deep sorrow or distress experienced due to loss, especially following the death of a loved one.