Assuming Requirements Are Satisfied,which of the Following,if Any,may Allow Bernice

Multiple Choice

Assuming requirements are satisfied,which of the following,if any,may allow Bernice to avoid registration with the SEC if she proceeds with her plan to offer securities only to friends without advertisement?

A) The limited exemption
B) The accredited exemption
C) The unadvertised exemption
D) The private placement exemption
E) There is no such exemption to registration requirements