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Question
Northern Company is a small issuer who wishes to solicit investors to buy its securities during the pre-filing period. As the advertising budget of the company is not large, Northern has decided to advertise during the pre-filing period by using a Website. This solicitation of shares is:
A. in violation of the Prohibition of Solicitation Act.
B. permitted as the Internet has strong potential for attracting investors.
C. in violation of Rule 505 and Rule 506 of Regulation D.
D. allowed provided SEC gives written permission.
Answer
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