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| Wells Corp., an established manufacturer, has decided to make an offering of $4.5 million of its securities pursuant to Regulation D of the Securities Act of 1933. The sale will be made to accredited and nonaccredited investors. Which of the following is a correct statement with regard to such an offering? A. A general solicitation of potential investors is permitted. B. No more than 35 accredited investors may purchase securities. C. Since there are nonaccredited investors who are purchasing securities, at least an audited balance sheet must be provided. D. The offering limit is $10 million within a 2-year period. |