Drilling Tools,Inc.,wants to make an initial public offering of securities. Drilling Tools believes that it qualifies for an exemption under Regulation A from the full registration requirement of the federal Securities Act of 1933.
-If Drilling Tools is exempt from the federal registration requirement,Drilling Tools is
A) automatically exempt from any state registration requirement.
B) not subject to any state securities laws.
C) not necessarily exempt under a state registration requirement.
D) automatically subject to all state registration requirements.
Correct Answer:
Verified
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