SIE Exam Question 466: Answer and Explanation

Question: 466

A firm participating in the offering of a private placement may sell the private placement to no more than __________ nonaccredited investors in any 12-month period?

• A. 15.
• B. 35.
• C. 6.
• D. 12.

Correct Answer: B

Explanation:

B: The number of nonaccredited investors is limited to 35 in any 12-month period.