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SIE: Capital Markets & Offerings
SIE practice questionmediumRegulation S

A U.S. company wishes to raise capital by selling unregistered securities exclusively to investors outside the United States. Which regulation permits this?

  1. ARegulation S✓ Correct answer
  2. BRegulation D
  3. CRegulation A+
  4. DRule 144
Explanation

Why ARegulation S

Regulation S allows U.S. issuers to sell securities offshore without SEC registration. Regulation D covers private placements in the U.S., Regulation A+ allows limited public offerings, and Rule 144 sets resale requirements for restricted securities.

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