In 1982, the SEC Adopted Regulation D,which ________

In 1982, the SEC adopted Regulation D,which ________.

A) exempts securities sold only within a state.
B) states that if the offering is for $1 million or less, the securities need not be registered
C) sets forth the guidelines that determine if an issue is qualified for exemption from registration.
D) exempts from registration "transactions by an issuer not involving any public offering."