[RockOut Investors] Kassie, the President of RockOut, Inc

[RockOut Investors] Kassie, the president of RockOut, Inc., intends to line up celebrities in the music industry to invest in her recording company. Kassie has targeted 70 individuals to whom RockOut will make the private offer, although she knows not all of them are millionaires. Kassie is thrilled when her attorney tells her she does not have to register with the SEC and she does not have to waste her time providing financial information, in fact, the SEC does not ever have to be involved because it is a private offering. Kassie's attorney also suggests spreading the word about the securities in an effort to obtain more investors.
-Is Kassie's attorney correct that she does not have to provide financial information contained in the registration statement because the proposed offering is a private placement offering?

A) She does not have to disclose any information because it is a private offering.
B) All issuers must, at a minimum, disclose the information that would have been in a registration statement.
C) If Kassie offers securities to any investor, then she must provide all investors with the basic information that would be contained in a registration statement.
D) If Kassie offers securities to any unaccredited investor, then she must provide all investors with the basic information that would be contained in a registration statement.
E) If Kassie offers securities to any unaccredited investor, then she must provide the unaccredited investors with the basic information that would be contained in a registration statement.