1. Which of the following exemptions does not cap the amount of a securities offering?

a. Rule 504.

b. Regulation A.

c. Section 4(a)(6) Regulation Crowdfunding.

d. Rule 506.

1. Bratton Corp. has $2.5 million in assets and 400 non-accredited shareholders. Is Bratton Corp. required to register with the SEC under the '34 Act?

a. Yes, Bratton Corp. exceeds both the asset and number of investors thresholds.

b. No, Bratton Corp. exceeds neither the asset nor the number investors thresholds.

c. Yes, Bratton Corp. exceeds the number of investors threshold.

d. Yes, Bratton Corp. exceeds the asset threshold.