An issuer who plans on raising $1 million or less from the public must answer the questions on Form U-7, which then becomes the offering circular that must be given to prospective investors.

Question

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According to SEC rules, an issuer who plans on raising $1 million or less from the public can use Form U-7 as an offering circular that must be given to prospective investors.

An Issuer Who Plans on Raising $1 Million or Less