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The President of a small company owns 100% of the company's stock. The President sells some of the company's stock to four employees and officers of that company without taking a commission. Under the
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35 votes
35 votes
The President of a small company owns 100% of the company's stock. The President sells some of the company's stock to four employees and officers of that company without taking a commission. Under the Uniform Securities Act, the President is:

User Marco Merola
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1 Answer

6 votes
6 votes

Answer:

B

Step-by-step explanation:

it is because selling securities in an exempt transaction , so no registration is required.

User Yuwen Yan
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