Asked by Alicja Gawlik on Jun 04, 2024
Verified
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.
Intrastate Issues
Matters or disputes confined within the borders of a single state, not involving or crossing state lines.
Issuers
Entities that create and distribute financial instruments like stocks, bonds, or notes to finance operations or expand capital.
Profits Within the State
Income generated within a specific state's geographical boundaries, subject to state taxation and regulation.
- Determine the criteria for exemptions related to intrastate and private placements under securities legislation.
Verified Answer
Learning Objectives
- Determine the criteria for exemptions related to intrastate and private placements under securities legislation.
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