Which of the following is a characteristic of a restricted security?
A)It is purchased in a private offering.
B)It cannot be sold at any time.
C)It is subject to reporting requirements.
D)After six months,it is classified as a control security.

Question

Which of the following is a characteristic of a restricted security?​
A)​It is purchased in a private offering.
B)It cannot be sold at any time.
C)​It is subject to reporting requirements.
D)​After six months,it is classified as a control security.

Quizplus · Accepted Answer

A restricted security is one that is purchased in a private offering, meaning it is not available to the general public. While it may be subject to specific holding periods before it can be resold, it is not necessarily true that it cannot be sold at any time, nor is it always subject to reporting requirements. It may also be classified as a control security, but this is not a defining characteristic of a restricted security.

Which of the Following Is a Characteristic of a Restricted