Is Kassie's Attorney Correct That the SEC Does Not Have

question 58

Multiple Choice

Is Kassie's attorney correct that the SEC does not have to be involved because this is a private placement situation?

• A)No,under the private placement exemption,while issuers do not have to register securities with the SEC,issuers must notify the SEC of any sales made under the exemption.
• B)No,under the private placement exemption,issuers must register securities with the SEC and notify the SEC of any sales made under the exemption.
• C)Yes,under the private placement exemption,issuers do not have to register securities with the SEC.
• D)Yes,under the private placement exemption,issuers are permitted,but not required,to notify the SEC of any sales made under the exemption.
• E)No,under the private placement exemption,issuers must either register securities with the SEC or notify the SEC of any sales made under the exemption.

---

Definitions:

Relapse

A return to a previous state of health deterioration or the reappearance of symptoms after a period of improvement or recovery.

Anxious/Fearful Cluster

A group of personality disorders characterized by prominent anxiety and fear, including avoidant, dependent, and obsessive-compulsive disorders.

Personality Disorder

A mental condition defined by persistent maladaptive behavior, cognitive processes, and internal experiences that are displayed in various situations and differ from what is considered normal in the person's cultural context.

Enlarged Ventricles

A condition where the brain's ventricles, which contain cerebrospinal fluid, are larger than normal, often associated with brain disease or injury.