Exempt Transactions or Offerings

Question 1

Under Regulation A of the 1933 act the issuer must

Answer 1

File an offering circular with the SEC

Question 2

Securities offer is exempt from registration if

Answer 2

The offer is made by a person other than

1) Issuer
2) Underwriter
3) Dealer

Question 3

What is interstate offering?

Answer 3

When a business thats is a resident of the state does 80% of its business in that state and only sells securities to residents of that state.

This offer qualifies as exempt from 1933 act.

Question 4

Under regulation A

Answer 4

an offering statement is required instead of a more costly disclosure requirements of full registration under the 1933 act.

Question 5

Under rule 504 Regulation D

Answer 5

1) General offerings and solicitation are permitted.

2) issuer doesn’t need to restrict the purchaer’s right to resell