SIE - Securities Industry Essentials Exam
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A shelf registration is best described as
When an issuer offers securities to up to a maximum of 35 unaccredited investors per year and allowed to raise an unlimited amount of capital.
A
When a private company raises up to $50 million from both accredited and non-accredited investors.
B
When a US or non-US company wants to raise capital outside of the United States.
C
When an issuer registers securities with the SEC and can sell them for a period of up to 3 years from the effective date based on market conditions.
D
Explanations
The correct answer is ( D ). ( A ) describes a type of Regulation D offering. ( B ) is a Reg A+ offering. ( C ) is known as Reg S.