Although securities sold under a private placement exemption are exempt from registration, the law requires that investors be given a ____, which is similar to a prospectus.

Question

Quizplus · Accepted Answer

Securities sold under a private placement exemption do not require a document that is similar to a prospectus to be given to investors. The choices provided do not accurately describe a required document in this context, hence none of the other choices are correct.

Although Securities Sold Under a Private Placement Exemption Are Exempt