Rule 506 has no dollar limitations ANS T PTS 1 NAT AACSB Analytic TOP

Rule 506 has no dollar limitations ans t pts 1 nat

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19.Rule 506 has no dollar limitations. PTS: 1 NAT: AACSB: Analytic TOP: Regulation D 20.Rule 504 has no limitations on number of offerees. PTS: 1 NAT: AACSB: Analytic TOP: Regulation D
21.Rule 506 carries a 35-purchaser maximum (excluding accredited investors). PTS: 1 NAT: AACSB: Analytic TOP: Rule 506 22.The most frequent type of shareholder proposal in 2009-2010 was for an advisory vote on compensation. PTS: 1 NAT: AACSB: Analytic TOP: shareholder proposals 23.There are no resale limitations on Regulation A offerings. PTS: 1 NAT: AACSB: Analytic TOP: Regulation A 24.A comment or deficiency letter must be issued within 20 days after a registration statement is filed. PTS: 1 NAT: AACSB: Analytic TOP: comment letter 25.A tombstone ad can be run before the registration statement is effective. PTS: 1 NAT: AACSB: Analytic TOP: tombstone ad 26.The SEC conducts a merit review of its filed registrations. PTS: 1 NAT: AACSB: Analytic TOP: merit review 27.A red herring is a prospectus sent prior to the effective date of the registration date. PTS: 1 NAT: AACSB: Analytic TOP: red herring 28.Section 11 of the 1933 Securities Act imposes liability for the failure to file a registration statement. PTS: 1 NAT: AACSB: Analytic TOP: Section 11 29.Only directors can be held liable for a Section 11 violation. PTS: 1 NAT: AACSB: Analytic TOP: Section 11 30.Only those who actually signed the registration statement can be liable for a Section 11 violation. PTS: 1 NAT: AACSB: Analytic TOP: Section 11 31.The due diligence defense is one that is easy to establish.
PTS: 1 NAT: AACSB: Analytic TOP: due diligence 32.A Section 12 violation results from making a material misstatement in a registration statement. PTS: 1 NAT: AACSB: Analytic TOP: Section 12 33.Selling securities before the effective date of the registration statement is a Section 12 violation. PTS: 1 NAT: AACSB: Analytic TOP: Section 12 34.A company registered on the New York Stock Exchange must file a 10-Q report. PTS: 1 NAT: AACSB: Analytic TOP: 10Q 35. Section 10(b) applies to all securities sold in interstate commerce. PTS: 1 NAT: AACSB: Analytic TOP: 10B 36.Section 10(b) applies to corporate insiders and tippees. PTS: 1 NAT: AACSB: Analytic TOP: 10B 37.Only an actual seller or purchaser can bring a suit for civil recovery under 10(b). PTS: 1 NAT: AACSB: Analytic TOP: 10B

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