Fact Pattern 42-1A (Questions A6-A7 Apply)

Multiple Choice

Fact Pattern 42-1A (Questions A6-A7 apply)
Fresh Fruits & Veggies,Inc.,wants to make an initial public offering of securi?ties.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 42-1A.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.