A(n) ______________ is a sale of securities which typically does not require registration with the OSC.
A) Initial public offering.
B) Over-the-counter transaction.
C) Primary market transaction.
D) Secondary market transaction.
E) Private placement.

Question

Quizplus · Accepted Answer

A private placement is a sale of securities to a relatively small number of select investors as a way of raising capital. Unlike public offerings, private placements do not require registration with the Ontario Securities Commission (OSC) or other regulatory bodies, because the securities are not offered to the general public.

A(n) ______________ Is a Sale of Securities Which Typically Does