[Lindrobe]

Has anyone else noticed that Wiley’s MCQs regarding regulation D are completely a mess? For example, this MCW reads:

Harp Corp. is offering to issue $450,000 of its securities pursuant to Regulation D of the Securities Act of 1933. Harp is not required to deliver a disclosure document in the states where the offering is being conducted. The exemption for small issues of $1,000,000 or less (Rule 504) under Regulation D

a. Requires that the issuer be subject to the reporting requirements of the Securities Exchange Act of 1934.

b. Does not require that any specific information be furnished to investors.

c. Permits the use of general solicitation.

d. Requires that each investor be a sophisticated investor or be represented by a purchaser representative.

The Wiley correct answer is (b), but when you click on the “See Reference” button, it specifically states that “General offering and solicitations are permitted under Rule 504.” Am I missing something here or is Wiley just bad?

FAR 12/3/14, 87
AUD 2/3/14, 90
BEC 4/1/14, 88
REG 5/27/14, 94

Licensed CPA, Indiana

"Successful people do things that unsuccessful people don't want to do"

[h0wdyus]

@Cassandra. You are using old material. You have to use the wiley 2014 book which has the code for 2013. if the wiley book is 2013 then it has code for 2012.

Till May 2nd Quarter 2014 we need to use the code for 2013 which is present in wiley 2014 book.

FAR - 81 29th Aug 2013
AUD - 84
REG - 82
BEC - 89 29th Aug 2014
Using Yager

FROM NJ

[jsblamer]

I just used the ninja notes for this area, jeff did a good job ensuring the REG D areas were updated with the jobs act.

B -
A - passed
R - passed
F - passed

[jsblamer]

I just used the ninja notes for this area, jeff did a good job ensuring the REG D areas were updated with the jobs act.

B -
A - passed
R - passed
F - passed

[Author]

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