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SIE: Capital Markets & Offerings
SIE practice questionmediumRegulation S

Regulation S allows U.S. issuers to sell securities:

  1. AOnly to SEC-registered investment companies
  2. BExclusively to U.S. residents
  3. COutside the U.S. without SEC registration✓ Correct answer
  4. DOnly in private placements
Explanation

Why COutside the U.S. without SEC registration

Regulation S allows U.S. issuers to sell securities to investors outside the U.S. without SEC registration. It is not a requirement that buyers be investment companies or U.S. residents, and it is not limited to private placements.

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