________ permits issuers to sell up to $5 million of securities to the public during a 12-month period, pursuant to a simplified registration process.

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Regulation A permits issuers to sell up to $5 million of securities to the public during a 12-month period, pursuant to a simplified registration process. SEC Rule 506 provides exemptions for certain private offerings, Section 12 of the Securities Act of 1933 requires registration of securities offered to the public, and Section 5 of the Securities Act of 1934 regulates securities offerings interstate.

________ Permits Issuers to Sell Up to $5 Million of Securities