Under the Securities Act of 1933, Section allows the Securities and Exchange Commission to exempt offerings not exceeding $5 million.

Name: Under the Securities Act of 1933, Section allows the Securities and Exchange Commission to exempt offerings not exceeding $5 million.
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Section 3(b) of the Securities Act of 1933 allows the SEC to exempt certain small offerings from registration and disclosure requirements. This exemption applies to offerings not exceeding $5 million within a 12-month period.

Under the Securities Act of 1933, Section Allows the Securities