The president of xyz corporation owns restricted stock. under security industry regulations, the restricted shares could be sold in all of the following transactions except: (a) a 144 offering. (b) a private placement. (c) a registered offering. (d) an exchange offering.

(D) An exchange offering.

Explanation:

You cannot sell stocks in the exchange offering because in exchange offering there is a swap of security with different security which also has the value and does not constitute a "sale". and  different value.

You can sell stocks in 144 offering, A private placement  and a registered offering.

Hence the answer is option d.

Under security industry regulations, the restricted shares cannot be sold in exchange offering

Explanation:

The stock can't be "sold" through a bond because an exchange trades security with value for another protection that also has value and does not constitute a "sale,"

 An exchange offer is a type of stock offering in finance, corporate law and securities law in which securities are provided as a consideration rather than cash

in exchange offer a company offers to provide one protection, including a bond or preferred stock, in return for another protection, such as preferred stock shares.

i dont know this man

the answer your looking for is c. : )