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Fulton Corporation, is contemplating a private offering and is considering using Regulation A's Tier 2 private offering exemption as a possible option. Based on Regulation A's requirements, which of the following would NOT work well in the event Fulton Corporation chose to use the Regulation A Tier 2 exemption?
A) If none of the investors were either accredited or financially savvy.
B) If Fulton voluntarily chose to cap the offering at $5 million.
C) If Fulton Corporation expected to have over 45 investors participating in the offering.
D) If each individual purchaser's investment amount exceeded either 10% of the purchaser's net worth or 10% of the purchaser's net income - whichever one was greater.
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