Series 7 - General Securities Representative Exam

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Private placements allow the issuing company to

Raise a maximum amount of capital of $1,000,000 from 35 accredited investors
A
Raise an unlimited amount of capital but from a limited number of unaccredited investors
B
Raise a maximum amount of capital of $1,000,000 from an unlimited number of unaccredited investors
C
Raise a minimum amount of capital of $1,000,000 from an unlimited number of unaccredited investors
D

Explanations

Private placements allow the issuing company to raise an unlimited amount of capital but can only have a limited number (35) of unaccredited investors.

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