In the context of exemptions under the Securities Act of 1933, which of the following is an incorrect statement regarding Regulation A? Multiple choice question. Regulation A permits issuers to test the waters for interest in their securities before gaining the commitment of interested buyers. Regulation A permits issuers to assess the interest in their securities before preparing the offering circular. Regulation A is much more burdensome than the full registration process. Regulation A permits issuers to test the waters for interest in their securities before selling any securities