Northern Company is a small issuer who wishes to solicit investors to buy its securities during the pre-filing period.As the advertising budget of the company is not large,Northern has decided to advertise during the pre-filing period by using a Website.This solicitation of shares is:

Question

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With the emergence of the Internet as a significant communication tool,small issuers have sought to make offerings to investors over the Internet.Such offerings can easily run afoul of Rules 505 and 506 of Regulation D of the 1933 Securities Act,which prohibit public solicitations of investors.

Northern Company Is a Small Issuer Who Wishes to Solicit