This Memorandum does not constitute an offer or solicitation in any state in which such an offer or solicitation is not authorized or in which the person making such offer or solicitation is not qualified to do so.
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The Fund has not been registered under federal or state securities laws and is being offered and sold in reliance on exemptions from the registration requirements of such laws.
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The Fund has not been approved or disapproved by the Securities and Exchange Commission or any state securities commission, nor has any of the foregoing authorities approved or endorsed the merits of this offering or the truthfulness or completeness of this Memorandum
这个有问题么?
(2) 什么是 “Securities Act of 1933, as amended (the "Securities Act"), by virtue of the provisions of Regulation D ”?