Rule 501 of Regulation D Expands the Categories of Accredited

question 28

Multiple Choice

Rule 501 of Regulation D expands the categories of accredited investors. Which is not one of the categories?

• A) any organization formed for the specific purpose of acquiring securities with assets in excess of $5 million
• B) any director or executive officer of the issuer of securities being sold
• C) any individual whose net worth exceeds $1 million
• D) any partnership
• E) any trust with total assets greater the $5 million

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Definitions:

Systematically

Carried out using stepwise methods or systems, indicating an approach that is methodical and organized.

Egocentric

Characterized by an inability to distinguish between one's own perspective and someone else's perspective.

Perspective

A particular attitude towards or way of regarding something; a point of view.

Elementary School

An institution for early education that usually serves children from kindergarten through a grade that varies by region, often fifth or sixth grade.