Question

SEC Rule 144A permits the resale of non registered securities to all of the following EXCEPT:(A)insurance companies(B)banks(C)mutual funds(D)individuals

Answer 1

Option "D" is the correct answer to the following statement.

Individual

Expectation:

Rule 144A permits the resale of licensed shares by the public and tests them if Restricted shares are securities purchased from private, unregistered transactions from companies or organizations. Additional securities that the issuer purchases do not affect the Authority allows market place trading.

So, SEC rule 144A does not permit the resale of non registered securities of the individual.