Fact Pattern 37-1
Fresh Cream, Inc., wants to make an initial public offering of securi?ties. Fresh 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 37-1. If Fresh is exempt from the federal registration requirement, Fresh is

Question

Fact Pattern 37-1 
Fresh Cream, Inc., wants to make an initial public offering of securi?ties. Fresh 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 37-1. If Fresh is exempt from the federal registration requirement, Fresh is

Quizplus · Accepted Answer

While Fresh may be exempt from the full registration requirement under federal law through Regulation A, it does not necessarily mean that it is automatically exempt from state registration requirements. Each state may have its own set of exemptions and requirements that Fresh must comply with before offering securities in that state.