Exemptions for Private Placement Offerings and Sales of Securities in the Amount

question 59

Multiple Choice

Exemptions for private placement offerings and sales of securities in the amount of $2 million are handled under which one of the follow rules under Regulation D?

• A) Rule 501
• B) Rule 502
• C) Rule 503
• D) Rule 504
• E) Rule 505

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Definitions:

Adventitia

The outermost layer of the wall of a blood vessel or other tubular structure, consisting of connective tissue.

Cortex

The outer layer of an organ or structure, such as the cerebral cortex of the brain or the cortex of a plant root or stem.

Medulla

The innermost part of an organ or structure, such as the medulla oblongata in the brain which controls vital body functions.

Renal Papilla

The tip of the renal pyramid in the kidney that projects into the minor calyx, where urine is collected before passing into the ureter.