Is Kassie's attorney correct that the SEC does not have to be involved because this is a private placement situation?

Question

Quizplus · Accepted Answer

A)While firms do not have to register securities that fall under the private placement exemption with the SEC,they must notify the SEC of any sales made under the exemption.
B)While firms do not have to register securities that fall under the private placement exemption with the SEC,they must notify the SEC of any sales made under the exemption.
C)While firms do not have to register securities that fall under the private placement exemption with the SEC,they must notify the SEC of any sales made under the exemption.
D)While firms do not have to register securities that fall under the private placement exemption with the SEC,they must notify the SEC of any sales made under the exemption.
E)While firms do not have to register securities that fall under the private placement exemption with the SEC,they must notify the SEC of any sales made under the exemption.

Is Kassie's Attorney Correct That the SEC Does Not Have