The exemption from registration for transactions not involving any public offering is the so-called private placement provision found in Section 4(2)of the Act and SEC Rule:
A) 10b-5.
B) 504.
C) 505.
D) 506.

Question

Quizplus · Accepted Answer

The private placement provision found in Section 4(2) of the Act is commonly used for exempt offerings, and the corresponding SEC Rule is Rule 506. Rules 504 and 505 are also used for exempt offerings, but they have different requirements and limitations compared to Rule 506. Rule 10b-5 is a broader anti-fraud rule that prohibits fraudulent activities related to securities transactions.

The Exemption from Registration for Transactions Not Involving Any Public