Which of the Following Statements Is Most CORRECT

Which of the following statements is most CORRECT?

A) In a private placement, securities are sold to private (individual) investors rather than to institutions.
B) Private placements occur most frequently with stocks, but bonds can also be sold in a private placement.
C) Private placements are convenient for issuers, but the convenience is offset by higher flotation costs.
D) The SEC requires that all private placements be handled by a registered investment banker.
E) Private placements can generally bring in funds faster than is the case with public offerings.