1. A law intended to protect individuals from fraudulent securities offerings:
Investment Advisors Act of 1940
Securities Act of 19343
Securities Exchange Act of 1934
Blue-sky laws
2. If you wish to offer securities of a large amount, but only to a small number of private investors, and to avoid SEC registration, what kind of investor are you required to limit your offerings to?
sophisticated investors
accredited investors
qualified buyers
American citizens