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Business, 06.05.2020 07:23 fernandar44

The directors of a company decide to offer shares of the company from the company's unissued stock directly to company employees. The proceeds of the sale go to the company, but the directors take a commission from the employees on these sales. Which of the following statements are true except:

I This is a non-issuer transaction
II The directors are defined as agents of the issuer
III The directors must be registered
IV The securities must be registered

A. I and II only
B. III and IV only
C. II, III, IV
D. I, II, III, IV

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