Which of the following is not a requirement for the application of the exemption involving intrastate issues?

A) Issuers must do at least 80 percent of their business within the state.
B) Issuers must have at least 80 percent of their assets within the state.
C) Issuers must plan to use at least 80 percent of the profits within the state.
D) Issuers must have their main offices in the state.
E) Issuers must conduct at least 80 percent of advertising in the state.

Question

Muskan Gupta · Accepted Answer

Final Answer : E, Explanation :  The exemption involving intrastate issues does not require that issuers conduct at least 80 percent of advertising in the state. The key requirements typically involve the issuer's business operations, assets, use of proceeds, and location of the main office being primarily within the state, not the extent of their advertising activities.

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