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Question
Fact Pattern 26-1Fresh Goods, Inc., wants to make an initial public offering of securities. Fresh believes that it qualifies for an exemption under Regulation A from the full registration requirement of the federal Securities Act of 1933.
Refer to Fact Pattern 26-1. If Fresh is exempt from the federal registration requirement, Fresh is
A.automatically exempt from any state registration requirement.
B.not subject to any state securities laws.
C.not necessarily exempt under a state registration requirement.
D.automatically subject to all state registration requirements.
Answer
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