Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true

A) Rule 505 permits the sale of $10 million of unregistered securities in the private offering in any 12-month period.
B) Rule 504 and 505 permit no general advertising or solicitation through public media.
C) Rule 506 provides the first exemption to a company seeking to raise a small amount of capital from numerous investors.
D) The entrepreneur issuing the private offering is spared the burden of proving that the exemptions granted have been met.