SIE practice questionmediumRegulation S
Regulation S provides an exemption from SEC registration for securities:
- ASold outside the United States✓ Correct answer
- BIssued by state governments
- CRegistered on national exchanges
- DSold to accredited investors
Explanation
Why A — Sold outside the United States
Reg S allows exemption for offers made outside the US. State securities, registered exchanges, or accredited investors are not the key criteria for Reg S.
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