Which of the Following Statement Is(are)true

question 43

Multiple Choice

Which of the following statement is(are) true?

• A)Rule 505 permits the sale of $10 million of unregistered securities in the private offering in any 12-month period.
• B)Rule 504 and 505 permit no general advertising or solicitation through public media.
• C)Rule 506 provides the first exemption to a company seeking to raise a small amount of capital from numerous investors.
• D)The entrepreneur issuing the private offering is spared the burden of proving that the exemptions granted have been met.

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Definitions:

DSM-IV-TR

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision; a manual published by the American Psychiatric Association detailing diagnostic criteria for mental disorders.

Disruptive Behavior Patterns

Actions or sequences of actions that interrupt the normal flow or functioning of a social or operational system.

Significant Behavior Patterns

Regularly occurring actions or reactions that have importance in predicting or understanding an individual's behavior.

Obsessions

Persistent, unwanted thoughts, images, or impulses that cause significant distress or anxiety.