The private sale of a business's shares is regulated by the Financial Services Board.

Question

Quizplus · Accepted Answer

The private sale of a business's shares is not regulated by the Financial Services Board in most cases. Instead, it is typically governed by contract and company law, with the involvement of legal and financial professionals. However, in some circumstances, such as if the shares are being sold to the public or if the business is a publicly-traded company, regulations from the Financial Services Board may apply.

The Private Sale of a Business's Shares Is Regulated by the Financial