[imi138]

Hi

I’m getting conflicting information regarding Reg D Rule 504, and am not sure which is correct..

In the CPA Excel study notes, it says that for Rule 504:

1. General solicitation and advertising are not usually allowed, and

2. Resale is restricted unless the conditions mentioned for the manner of offering are met.

However in the Wiley test bank, there was a question that says that:

1. General offering and solicitations are permitted under Rule 504

2. Issuer need not restrict purchasers’ right to resell securities

The SEC website agree with CPA EXCEL – https://www.sec.gov/info/smallbus/qasbsec.htm#regd

but the Wiley questions are AICPA licensed……

Which one is correct??

Thanks for your help

[h0wdyus]

1) Solicitation is permitted if done to accredited investors 2) Restriction on resell does not apply if sold to accredited investors

This is from Yager notes.

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

FROM NJ

[h0wdyus]

1) Solicitation is permitted if done to accredited investors 2) Restriction on resell does not apply if sold to accredited investors

This is from Yager notes.

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

FROM NJ

[Author]

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