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Question: Mikai developed an exercise device that she


Mikai developed an exercise device that she sold on a website. Sales were brisk, and she soon discovered that she would need additional funds to purchase materials. She included on the website an invitation to the public to invest in her company by purchasing shares of stock.
a. Must Mikai register these securities with the Federal Trade Commission?
b. If Mikai does not register the securities, can she be charged with violating the Securities Act of 1933?
c. Must Mikai provide financial information to investors prior to selling securities online?

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