SIE practice questionhardSecurities Act of 1933
A private offering of equity to sophisticated individuals is conducted under which exemption?
- ASection 12 of the '34 Act
- BRegulation S
- CRegulation A+
- DRegulation D✓ Correct answer
Explanation
Why D — Regulation D
Private placements to sophisticated or accredited investors are commonly conducted under Regulation D. Regulation S is for offshore offerings, Regulation A+ is a public mini-offering exemption, and Section 12 of the Exchange Act concerns registration and reporting.
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