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Private placements are exempt from the registration requirements of the Securities Act of 1933 under the
rules contained in:
A. the Securities Exchange Act of 1934.
B. Regulation D.
C. Regulation E.
D. Regulation
Answer: B
Explanation:
Private placements are exempt from the registration requirements of the Securities Act of
1 933 under the rules contained in Regulation D. Regulation D dictates the qualifications that must be met
for the security to be exempted, such as the maximum number of unaccredited investors and the
investors to whom the security may be sold. Regulation A dictates the rules to qualify an issue for a small
issue exemption. The Securities Exchange Act of 1934 deals with the secondary market, not the new
issue market.

NEW QUESTION: 2
dBi is a(n) ___________ measurement of gain introduced by ___________?
A. absolute; an access point
B. relative; an antenna
C. absolute; cables and connectors
D. relative; a radio chain
Answer: B

NEW QUESTION: 3
Which of the following will be an appropriate course of action when an auditor disagrees with a client about a well-documented audit finding?
A. Address the issue with senior management and the board for resolution prior to issuing the final report.
B. Change the finding so that it is acceptable to the client.
C. Defer reporting the item and plan to perform more detailed work during the next audit.
D. Include both the audit finding and the client's position in the audit report.
Answer: D


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