Which of the following scenarios would most likely violate the 'bona fide offering' requirement under IDPC Rule 3507(2)?

Question

Accepted Answer

Rule 3507(2) requires a bona fide offering of the total amount of the firm's participation. Withholding shares for inventory prevents the total amount from being offered to the public.

Which of the following scenarios would most likely violate the 'bona fide offering' requirement under IDPC Rule 3507(2)?

Discussion