Which of the Following Is True of Private Placement of Securities

Multiple Choice

Which of the following is true of private placement of securities?

A) Securities are placed with few large institutional investors.
B) Securities of private firms are sold to the investing public at lower prices.
C) They must be registered with the SEC.
D) Public trading in these securities is not allowed.
E) Subject to more stringent disclosure and informational requirements than those imposed on publicly registered issues.