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Under Regulation D, Rule 504, there are strict restrictions on the number of investors and the methods of soliciting those investors.
Directs
Commands or instructions given with authority to guide or control actions.
Responsible
Being accountable or answerable for something, typically involving duty, ethics, or obligations.
Legitimate Power
Authority that is recognized and accepted, derived from a formal position or role within a hierarchy or institutional setting.
Obligation
A duty or commitment that an individual is bound to fulfill, either legally or morally.
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