The ________ is a registration exemption that permits local businesses to raise capital from local investors to be used in the local economy without the need to register with the Securities and Exchange Commission (SEC).

Question

Quizplus · Accepted Answer

The intrastate offering exemption allows local businesses to raise capital from local investors without registering with the SEC, as long as all sales of securities take place within one state and exclusively among residents of that state. This exemption is provided under Rule 147 of the Securities Act of 1933.

The ________ Is a Registration Exemption That Permits Local Businesses