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NEW QUESTION: 1
Private placements may be sold to whom?
A. only to institutional investors.
B. to only 35 investors.
C. only to accredited investors.
D. to as many as 35 non-accredited investors.
Explanation: Private placements may be sold to as many as 35 non-accredited investors. Non-accredited investors must have a purchaser representative to help them evaluate the investment. There is no restriction on the number of accredited investors to whom the securities can be sold. Accredited investors include wealthier, more sophisticated individual investors as well as institutional investors.