. Assuming requirements are met, Rule 144A permits the resale of unregistered se
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. Assuming requirements are met, Rule 144A permits the resale of unregistered securities to qualified a. issuers. b. underwriters. c. institutional buyers. d. federal banks. 66. Which of the following is true regarding whether the interest of a limited partner in a limited partnership is considered a security? a. Such an interest is considered a security only if the limited partnership involves an investment in real estate b. Such an interest is not considered a security because a partnership, not an investment scheme, is involved c. Such an interest is rarely considered a security because limited partners, to protect their limited liability, are prohibited by law from taking part in the control of the partnership business. d. Such an interest is almost always considered a securty because limited partners, to protect their limit liability, are prohibited by law from taking part in the control of the partnership business. companies to make a(n) public offering without meeting all 67. The the onerous SEC registration requirements Act permits a. b. c. JOBS, emerging growth, secondary JOBS, farming, initial Sarbanes-Oxley, multinational, secondary d. JOBS, emerging growth, initialExplanation / Answer
65 C Institutional Buyers 66 D Such an interest is almost always considered a security because limited partnership, to protect their limited liability, are prohibited by law from taking part in the control of the partnership business. Explanation: in 1946 as per Howey rule, where a person invest in common enterprise and expects profit from efforts from others is considered a security. 67 D JOBS, emerging growth, initial Explanation: As per the jobs act, emerging growth companies are exempt form SEC registration requirements and can make initial public offerings.
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