Fact Pattern 30-1
Drilling Tools, Inc., wants to make an initial public offering of securities. Drilling Tools believes that it qualifies for an exemption under Regulation A from the full registration requirement of the federal Securities Act of 1933.
-Refer to Fact Pattern 30-1. Drilling Tools decides to sell its new securities via the Internet. This offering

Question

Quizplus · Accepted Answer

Selling securities via the internet can avoid the need for intermediaries such as brokers or underwriters, which can in turn avoid the payment of commissions. The other choices are not relevant or accurate in this scenario.

Fact Pattern 30-1 Drilling Tools, Inc., Wants to Make an Initial Public Offering