Regulation a Security Issues Are Exempt from Full SEC Registration

question 10

Multiple Choice

Regulation A security issues are exempt from full SEC registration filing and use only a brief offering statement if:

• A)the issue is for less than $5,000,000.
• B)insiders sell no more than $1,500,000 of stock.
• C)insiders sell no more than 100,000,000 shares.
• D)Both A and C.
• E)Both A and B.

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Definitions:

Liquidated Debt

A debt for which the amount owed is known and agreed upon by both parties.

Liquidated Debt

A debt for which the exact monetary value has been determined and acknowledged by both the debtor and creditor.

Unliquidated Debt

A debt that has not been determined or fixed in amount, often because it is subject to a legal dispute or requires a judgment to ascertain its value.

Accord And Satisfaction

A legal settlement where a debtor offers something different than originally agreed upon, and if accepted, the debt is considered settled.