In a private placement, the issuer has to avoid reaching out to a large number of potential investors to avoid the risk that the SEC declares that it is in fact a public offering and demand that the...

Hi I need an answer key to the questions in the picture thank you

Extracted text: In a private placement, the issuer has to avoid reaching out to a large number of potential investors to avoid the risk that the SEC declares that it is in fact a public offering and demand that the offering gets registered with the SEC. What is the maximum number of offerees that industry practice dictates not to go over in a private placement offering? 10 100 1000 10000


Extracted text: An accredited investor definition is A person that earns no more than $200,000 (or $300,00 with spouse) in the last two years and have no more than $1,000,000 net worth without the primary residence A person that earns at least $200,000 (or $300,00 with spouse) in the last two years and at least $1,000,000 net worth without the primary residence A person that earns no more than $200,000 (or $300,00 with spouse) in the last two years or have no more than $1,000,000 net worth without the primary residence A person that earns at least $200,000 (or $300,00 with spouse) in the last two years or at least $1,000,000 net worth without the primary residence