The SEC Has Defined the Intrastate Offering Exemption More Precisely

question 81

Multiple Choice

The SEC has defined the intrastate offering exemption more precisely in Rule 147.According to this rule:

• A)intrastate resale of such securities is permitted for nine months.
• B)interstate resale of such securities is permitted for nine months.
• C)intrastate resale of such securities is permitted for twelve months.
• D)interstate resale of such securities is permitted for twelve months.