The SEC provision under which qualified institutional investors can trade privately placed securities among themselves is called
A)Rule 144A.
B)Rule 415.
C)the Sarbanes-Oxley Act.
D)None of these options.

Question

Quizplus · Accepted Answer

Rule 144A specifically allows for the private resale of certain privately placed securities to qualified institutional buyers. Rule 415 is related to shelf registration statements, and the Sarbanes-Oxley Act is a set of regulations related to corporate governance and financial reporting.

The SEC Provision Under Which Qualified Institutional Investors Can Trade