A(n)________ is an exemption from registration that permits local businesses to raise capital from local investors to be used in the local economy without the need to register with the SEC.

Question

Quizplus · Accepted Answer

An intrastate offering exemption allows businesses to raise capital from investors within their state without registering with the SEC. This exemption is designed to encourage local economic development by making it easier for small businesses to access capital from local investors.

A(n)________ Is an Exemption from Registration That Permits Local Businesses