Misrepresentations about an offer or sale are considered to be a violation of the Securities Act of 1933?

A. True

B. False

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Question 5 of 101 Points

The private placement exemption to registration of securities allows raising an unlimited amount of capital from an unlimited number of accredited investors?

True

False

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Question 6 of 101 Points

Under the Securities Act of 1933, once securities have been issued through a private placement, the holders of those securities are free to sell them on the open market?

A. True

B. False

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Question 7 of 101 Points

Rule 10b-5, which prohibits securities fraud, applies only to the securities of companies listed on the major stock exchanges?

A. True

B. False