Jim is buying stock through a private placement. Under the Securities Act of 1933, which of the following statements is TRUE?

Jim is buying stock through a private placement. Under the Securities Act of 1933, which of the following statements is TRUE?


A) Jim will receive a letter stating his ownership.
B) Jim must notify the SEC that he is buying private placement securities.
C) The stock need not be registered with the SEC.
D) The stock must first be fully registered with the SEC.


Answer: C) The stock need not be registered with the SEC.


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