Series 79 - Exempt Transactions (correctly answered)2024 passed

Series 79 - Exempt Transactions ( Reg A - correct answer Mini IPO that bypasses SEC reporting and auditing financials - Form 1A - Tier 1: $20 mill size cap (in 12 month period) - Tier 2: $75 mill size cap (in 12 month period) Reg D - correct answer Private Placement -504 - $10 mill (max size) **-506b - 35 non-accred** -506c - 0 non-accred, but can solicit general public - Non-accred investors are required to recieve circular unless it's under 10 mill or 504 what's a private placement memorandum? & which exemption do you use it for? - correct answer - PPM used for telling investors additional info on the security they're buying - Reg D Reg S - correct answer wait to sell: - Equity: 6 months (and subj to 144) - Debt: 40 days Rule 144 - correct answer Allows you to sell private stock (restricted or contorl) - Restricted: holding limit of 6 months - Control: volume limits (choose bigger) - 1% trade vol OR avg 4 weeks vol