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If you are selling securities using the Private Issuer Exemption, which of the following would NOT be allowed: Select one: O a. Selling securities to
If you are selling securities using the Private Issuer Exemption, which of the following would NOT be allowed: Select one: O a. Selling securities to eligible investors O b. Selling securities to family members of the Officers, Directors & control persons of the issuer O C. Selling securities to accredited investors O d. Selling securities to Officers, Directors & control persons of the issuer A Private Issuer must NOT: Select one: O a. Be a reporting issuer O b. Be a mutual fund O C. Be a pooled fund O d. Have more than 50 shareholders, excluding current & former employees O e. All of the above are true An individual who is an Accredited Investor must meet which of the following tests Select one: O a. Hold net financial assets with a realizable value of more than $1 Million O b. Hold assets with a value greater than $5 Million O C. Have Income before tax of $200,000 in each of the last two years (and expects the same in the current tax year) O d. Have income before tax of $300,000 in each of the last two years, (and expects the same in the current tax year) if including one's spouse O e. All of the above are true An Accredited Investor can include which of the following, in addition to individuals meeting the income and/or asset tests? Select one: O a. A Canadian bank O b. A regulated Pension Fund O c. A Corporation with Net Assets of $2 Million on its most recent Financial Statements O d. All of the above are true O e. Only a. and b. above are true
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