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Question
Baronial Company plans to make a registered offering of its preferred shares pursuant to the Securities Act of 1933. After filing a registration statement with the Securities and Exchange Commission but prior to its effective date, which of the following will violate Section 5 of the Securities Act of 1933?
A. Sending letters to 50 prospective investors noting that projected earnings are up 15 percent.
B. An oral offer at a sales meeting attended by 50 prospective investors.
C. An oral offer to sell the shares made by telephone to 50 prospective investors.
D. In-person oral offers to sell the shares to 50 prospective investors.
Answer
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