If an issuer is seeking an exemption from the registration provisions of the Securities Act of 1933 under Regulation D (the private placement exemption), which of the following statements is true?
a) Regulation D applies only to public offerings.
b) Regulation D requires registration with the Securities and Exchange Commission (SEC).
c) Regulation D provides an exemption for private placements to accredited investors.
d) Regulation D prohibits any form of investment.