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Unformatted text preview: small security offerings and intrastate offerings, securities which are only offered to accredited investors, and securities which are not offered by a dealer, issuer, or underwriter. Exempt securities may be subject to other regulations which are designed to protect consumers. In the case of Joseph and Harry Langley disagreeing whether the sell of no par common stock worth $1 million to the public, I am unsure if this would be exempt or not. If a person is not sure whether or not a specific security is exempt, they can consult a financial adviser or broker. A financial advisor or broker should be able to provide information and advice on whether the securities are exempt or not. References: Miller, R. L., & Jentz, G. A. (2008). Fundamentals of business law part I. Mason, OH: Cengage Securities and Exchange Act Page 3 of 3 Learning....
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This document was uploaded on 05/30/2011.
- Spring '10