SIE practice questionmediumRegulation S
Regulation S allows U.S. issuers to:
- AList shares on U.S. exchanges without registration.
- BSell securities to accredited investors only.
- CSell securities to investors outside the United States without SEC registration.✓ Correct answer
- DConduct secondary offerings without any restrictions.
Explanation
Why C — Sell securities to investors outside the United States without SEC registration.
Regulation S provides a safe harbor for offshore offerings of securities to investors outside the United States without SEC registration. Regulation D deals with private placements, and U.S. exchange listings and secondary offerings remain subject to their own registration and trading rules.
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