Explanation:
Investors in privately held companies are often restricted to accredited or sophisticated investors, as determined by regulatory authorities. This is due to the higher risks associated with non-public offerings. Publicly traded shares, on the other hand, are generally accessible to all investors without such restrictions.
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Which of the following types of shares typically requires investors to be accredited?
A
Shares of publicly traded companies exclusively
B
Shares of privately held companies exclusively
C
Shares of both publicly traded and privately held companies