Walpole Corporation is considering making an offering without filing a registration statement with the SEC pursuant to RegulationA. Which of the following is not true regarding Reg A?
A. No information is required to be provided to investors.
B. General solicitation is permitted.
C. Walpole could raise as much as $50 million in a 12-month period.
D. Reg A allows potential issuers to "test the waters" by approaching investors to gauge their interest in investing before launching the offering.